$10 milk price still on
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The co-op’s lawyer Daniel Kalderimis sought the order in the Wellington High Court on Friday afternoon; Justice Clark granted an interlocutory injunction.
Rural News received the court injunction via email from law firm Chapman Tripp. The firm’s senior solicitor Julian Brown told Rural News online that all media outlets served with the notice are covered by the court order.
The injunction bars Guiney from “breaching her duties of confidentiality” to Fonterra.
It also bars media organisations from using or publishing any confidential information received from Guiney.
Guiney left the Fonterra board in controversial circumstances last November; she failed to get endorsed by an independent selection panel and a board sub-committee to stand again in the director elections.
As a sitting director who failed to get endorsed during the independent selection process, the South Canterbury farmer was disqualified from standing in the last board elections. She can contest this year.
Before joining the board in 2014, Guiney had been a vocal critic of the co-op.
