Labor calls for ASIC inquiry over dairy supplier rate cuts

Adam Leach is a freelance business journalist
16 May 2016

The government should launch a full-scale investigation into recent cuts in the price paid to suppliers by the country's two largest dairies, according to Labor's agricultural spokesman.

Wading into the growing issue of concern, which began with Murray Goulburn's decision to cut its farm-gate price from $5.60 to $4.75 per kilogramme and escalated further with the announcement that Fonterra would reduce its rate from $5.60 to $5, the opposition party has backed campaign group Farmer Power's call for an inquiry by the Australian Securities and Investment Commission (ASIC).

To read the rest of this article you need to sign in:
Don't have an account? Register here


Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

Wolverhampton, West Midlands
£50,512 - £53,464
Wolverhampton City Council
Wolverhampton, West Midlands
£35,934 - £40,760
Wolverhampton City Council
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates