Previous milk price calculation reviews
Here you will find the final reports for previous milk price calculation reviews.
At the end of each dairy season, we undertake a review of Fonterra's base milk price calculation. This review assesses whether the calculation is consistent with the purpose of the milk price monitoring regime as set out in the Dairy Industry Restructuring ACT (DIRA).
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CEPA - Response to submissions on the dairy asset beta and specific risk premium – 13 September 2021
( 186 KB, PDF )
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Final report – Review of Fonterra’s base milk price calculation 2020-21 – 15 September 2021
( 661 KB, PDF )
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Draft report – Review of Fonterra's base milk price calculation 2020-21 – 16 August 2021
( 731 KB, PDF )
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CEPA – Dairy asset beta and specific risk premium – 21 July 2021
( 109 KB, PDF )
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CEPA – Dairy asset beta and specific risk premium – supporting material – 21 July 2021
( 694 KB, PDF )
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Consultation letter on CEPA advice – 27 July 2021
( 185 KB, PDF )
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CEPA – Dairy Asset beta estimates – spreadsheet – 10 August 2021
( 68 KB, XLSX )
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CEPA – Dairy asset beta and specific risk premium – supporting material – corrected – 12 August 2021
( 696 KB, PDF )
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CEPA – Dairy asset beta and specific risk premium – ‘R’ script – 21 July 2021
( 10 KB, ZIP )
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Fonterra – Reasons paper on review of 2020/21 base milk price calculation – 1 July 2021
( 799 KB, PDF )
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Fonterra – Attachment 6: Asset beta and specific risk premium – Milk Price Group Paper
( 954 KB, PDF )
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Fonterra – Annex to Attachment 6: Summary of comparators – Milk Price Group Paper
( 511 KB, PDF )
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Proposed focus areas for our review of Fonterra’s 2020/21 base milk price calculation – 8 April 2021
( 203 KB, PDF )
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Final report – Review of Fonterra's 2019-20 base milk price review calculation – 15 September 2020
( 653 KB, PDF )
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Draft report – Review of Fonterra's base milk price calculation 2019-20 – 17 August 2020
( 609 KB, PDF )
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Fonterra’s reasons paper on review of 2019/20 base milk price calculation – 1 July 2020
( 788 KB, PDF )
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Proposed focus areas for our review of Fonterra's 2019-20 base milk price calculation – 22 April 2020
( 189 KB, PDF )
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CEPA – Consideration of Partington and Satchell Report to Fonterra date 1 August 2019 – 5 September 2019
( 191 KB, PDF )
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Final report – Review of Fonterra's 2018-19 base milk price calculation – 12 September 2019
( 610 KB, PDF )
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Draft report – Review of Fonterra's 2018-19 base milk price calculation – 15 August 2019
( 569 KB, PDF )
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Report to Fonterra Asset beta and CEPA's response to Partington and Satchell – 1 August 2019
( 419 KB, PDF )
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CEPA – Notional processor asset beta – 11 July 2019
( 133 KB, PDF )
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Fonterra – Reasons paper on review of 2018-19 base milk price calculation – 1 July 2019
( 855 KB, PDF )
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Report to Fonterra – Discussion on the asset beta for use in milk pricing – 7 June 2019
( 540 KB, PDF )
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Final report – Review of Fonterra's 2017/18 base milk price calculation – 14 September 2018
( 1.1 MB, PDF )
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Draft report – Review of Fonterras 2017-18 base milk price calculation – 15 August 2018
( 1.1 MB, PDF )
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CEPA – Response to submissions on emerging views paper – 16 July 2018
( 223 KB, PDF )
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Our approach to reviewing Fonterras Milk Price Manual and base milk price calculation – 15 August 2017
( 977 KB, PDF )
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CEPA and Freshagenda – Dairy notional producers asset beta response to submissions – 4 June 2018
( 346 KB, PDF )
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Commerce Commission – Emerging views on asset beta – 14 June 2018
( 577 KB, PDF )
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CEPA – Asset Beta report – 28 March 2018
( 2.9 MB, PDF )
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Fonterra – Reasons paper on review of 2016/17 base milk price calculation – 2 July 2018
( 1.2 MB, PDF )
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Final report – Review of Fonterra's 2016/17 base milk price calculation – 15 September 2017
( 834 KB, PDF )
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Draft report – Review of Fonterras 2016/17 base milk price calculation – 15 August 2017
( 788 KB, PDF )
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Our approach to reviewing Fonterras Milk Price Manual and base milk price calculation – 15 August 2017
( 977 KB, PDF )
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Commerce Commission – Emerging views on asset beta – 20 July 2017
( 451 KB, PDF )
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Commerce Commission – Concerns on practical feasibility and transparency – 19 July 2017
( 442 KB, PDF )
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Fonterra – Reasons paper on review of 2016/17 base milk price calculation – 3 July 2017
( 1.2 MB, PDF )
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Commerce Commission – Asset beta and amendment to include off GDT sales – 23 May 2017
( 1.3 MB, PDF )
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Fonterra – Asset beta and further reference to off GDT sales in Fonterras milk price – 23 May 2017
( 970 KB, PDF )
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Dr Alastair Marsden – Asset beta for Fonterra's Notional Business – Further comments – 12 May 2017
( 287 KB, PDF )
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Dr Alastair Marsden – Asset beta presentation – 23 May 2017
( 354 KB, PDF )
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Open Country, Miraka, Synlait – Discussion paper – 15 May 2017
( 634 KB, PDF )
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Open Country, Miraka, Synlait – Introduction – 23 May 2017
( 318 KB, PDF )
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Open Country, Miraka, Synlait – Asset beta – 23 May 2017
( 526 KB, PDF )
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Synlait – Transparency – 23 May 2017
( 1.2 MB, PDF )
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Open Country, Miraka, Synlait – Practical feasibility – 23 May 2017
( 547 KB, PDF )
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Notification email – Process and approach for our review of Fonterra’s 2016/17 base milk price calculation – 7 April 2017
( 340 KB, PDF )
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Final report – Review of Fonterra’s 2015/16 base milk price calculation – 15 September 2016
( 1008 KB, PDF )
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Our approach to reviewing Fonterra’s Milk Price Manual and base milk price calculation – 15 September 2016
( 969 KB, PDF )
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Final report – Review of Fonterra's 2014/15 base milk price calculation – 15 September 2015
( 2.1 MB, PDF )
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Fonterra – Reasons paper on review of 2014/15 base milk price calculation – 1 July 2015
( 1.2 MB, PDF )
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Final report – Review of Fonterra's 2013/14 base milk price calculation – 15 September 2014
( 1.6 MB, PDF )
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Fonterra – Reasons paper on review of 2013/14 base milk price calculation – July 2014
( 639 KB, PDF )
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Final Report - Review of Fonterras 2012/13 base milk price calculation – 16 September 2013
( 1.5 MB, PDF )
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Fonterra – Reasons paper on review of 2012/13 base milk price calculation – 2 July 2013
( 1.3 MB, PDF )