Displaying items by tag: Commerce Commission

THE COMMERCE Commission's decision to issue legal proceedings against three major banks over their sales of interest rate swap contracts to rural customers is great news, says Damien O'Connor, Labour spokesperson for Primary Industries.

FONTERRA'S DEVIATION from the milk price manual will be looked at by the Commerce Commission this year.

THE COMMERCE Commission is taking three major banks, ANZ, ASB and Westpac to court over the selling of interest swap contracts to rural customers.

The Commerce Commission is seeking more information from farmers tied up with interest rate swaps.

The Commerce Commission has released a final report on its first statutory review of Fonterra's milk price manual. The manual determines how Fonterra calculates the farm gate milk price.

Fonterra welcomes the decision of the Commerce Commission to approve the acquisition of the assets of the New Zealand Dairies Ltd group in South Canterbury.

Fonterra has gained Commerce Commission clearance to acquire the dairy processing assets of New Zealand Dairies Limited (in receivership). New Zealand Dairies processes raw milk at its Studholme factory near Waimate.

"Comparing the acquisition by Fonterra to the scenario where another bidder would acquire NZDL's assets, the commission is satisfied that the acquisition would not be likely to result in a substantial lessening of competition," says Commerce Commission chair Dr Mark Berry.

Fonterra has welcomed the Commerce Commission's release of its final report on the dry run review of how Fonterra sets its farm gate milk price.