Fonterra is happy to comply with government conditions on its capital rejig.
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(Photo / File)

The Dairy Industry Restructuring Act needs to be changed but the Government wants one more minister on the Milk Price Panel for more transparency.

Fonterra would need to contract a financial institution for the farmer-only share trading market – and do independent analysis of the share price performance for farmer-owners.

The company’s chief financial officer Marc Rivers told Mike Hosking he’s pleased there’s government support, albeit with a few conditions.

He says farmers’ voices were clear in December, with a strong vote for flexible shareholding.

A labour dispute at a Quebec dairy plant has led to the dumping of 2 million litres of milk since Wednesday.

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