The Commerce Commission has released details of the scope of its inquiry into whether Fonterra Cooperative Group’s 87 percent of New Zealand’s milk pool gives it too much market dominance. The review is required under the Dairy Industry Restructuring Act 2001, when Fonterra was established, which sets rules for supply to other milk companies and anticipates those DIRA provisions be phased …

A slow recovery in global milk prices that’s weighing on the local dairy sector is making the Reserve Bank nervous, with the prospect of another sub-standard season threatening New Zealand’s national income. Global dairy prices halved last year as Chinese buyers scaled back their activity after stockpiling in 2013, and milk processors have pared back their expected payments to their farmer …

NZAX-listed TruScreen, the cervical cancer test developer, has been selected by Chinese oil company Sinopec to screen 130,000 of its female workers, in a deal which could be worth $1.1 million in sales.  The first order for 8,100 single use sensor tests, worth $74,000, has been received and the screening programme is expected to run until the end of next year, the …