Fonterra to pay higher rates for milk in some areas
NEW ZEALAND - Fonterra will start paying higher rates for contract milk in some areas next season in an attempt to stop suppliers from jumping the fence and joining its competitors.Fonterra's chairman, Henry van der Heyden, says Fonterra will trial tactical milk pricing over the next year in Waikato and Canterbury and other areas where there are active competitors.
The dairy cooperative will offer spot prices to farmers thinking of cashing in their Fonterra shares and changing companies, to continue supplying it under contract.
Source: Radio New Zealand