Compensation is being sought for the sudden price reduction and claw back announced on 5 May 2016 when Fonterra unilaterally reduced the milk prices for some farmers by around 70%. The conduct contributed to a crisis in the Australian Dairy industry, and caused “substantial detriment to dairy farm businesses” according to the Australian Competition and Consumer Commission (ACCC).
The case filed yesterday is for dairy farmers who Fonterra purchased milk from in 2015/2016. It will be run by lawfirms Adley Burstyner and Harwood Andrews, a 175 year old firm with strong rural and regional presence. The case will utilise information generated by the ACCC investigations.
Read More
The case is a class action to recover Aborigines or Torres Strait Islanders’ wages misappropriated between 1939 and 1972. Till this judgment the case was limited to persons who had signed a litigation funding agreement (known as a closed class).
Read More
Fonterra would have difficulty getting a bid past first base as the ACCC would be looking at the overlap in milk collection area, causing competition issues for farmers looking to place their milk.
Read More
"World prices move very, very quickly when supply and demand is relatively balanced."
Reports from China show Beingmate suffered a string of financial losses and faces accusations of alleged milk powder tampering.
Read More
ABS analysis and State Library of Vic records show deregulation and supermarket discounting have shattered a century of stable milk pricing.
Read More
Farmer Power president Chris Gleeson said the group would also call for a community boycott of $1-a-litre milk and wanted to run an advertising campaign countering the supermarkets’ price wars
Read More
The Independent Brewers Association (IBA) has described today’s decision by the ACCC to take no further action in relation to tap contracts as a body blow for the Australian independent brewing industry.
Read More
The owners of the Great Northern Hotel, in Rathdowne St, Carlton, have accused Woodend’s Holgate Brewhouse of trying to force tap contracts on to the bar, jeopardising its proudly independent status.
Read More
While the extent of the transfer is not known, and is between several processors, many say it is the biggest in a decade and warn there is only limited capacity to move.
Read More
It’s the start of a fightback against a perceived effort by big business to appropriate the craft beer revolution. Adopting the maxim that if you can’t beat them you can buy them, a wave of craft beer takeovers engulfed the US first and has now reached Britain.
Read More
“I’m fascinated and interested to see where the inquiry has landed,” United Dairyfarmers of Victoria president Adam Jenkins said.
Read More
It is a disgusting consequence of Murray Goulburn’s behaviour that means some neighbours will feel pitted against each other
Read More
Today I think there’s a growing awareness that the craft beer industry is a big contributor to the economy, and I feel there’s a shift in political will to help craft brewers in a sense
Read More
The code sets out clear guidelines regarding pricing structures, loyalty payments and dispute resolution and will cover most of the milk produced in Australia.
Read More
The move comes after a recent survey commissioned by Brewbound and conducted by Nielsen found that ‘independent’ and ‘independently owned’ strongly resonated with more than 80 per cent of craft beer drinkers.
Read More
The new division will distribute brands including James Squire, Malt Shovel Brewers, Little Creatures, White Rabbit and Kosciuszko, as well as Lion NZ brands Panhead and Emerson’s.
Read More
The report argues water recovery has compounded the many other economic pressures facing rural and regional Australia
Read More