The New Zealand Dairy Board (NZDB) was a statutory board in control of the export of all New Zealand dairy products from its formation in 1923 until 2001. It operated through a global network of marketing subsidiaries.
In 2001, the Dairy Board was merged with the two largest New Zealand dairy cooperatives (which represented 96% of the industry) to a company initially called GlobalCo, but shortly afterwards renamed
Fonterra
Fonterra Co-operative Group Limited is a New Zealand multinational publicly traded dairy co-operative owned by around 9,000 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exce ...
.
The merger required approval from the
Commerce Commission
The Commerce Commission ( mi, Te Komihana Tauhokohoko) is a New Zealand government agency with responsibility for enforcing legislation that relates to competition in the country's markets, fair trading and consumer credit contracts, and regula ...
, which it declined, so a special Act of Parliament, the
Dairy Industry Restructuring Act 2001
The Dairy Industry Restructuring Act is an Act of Parliament passed in New Zealand in 2001.
The Act authorised the amalgamation of New Zealand's two largest dairy co-operatives - New Zealand Co-operative Dairy Company Ltd and Kiwi Co-operative ...
was passed allowing the merger to occur.
See also
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Fonterra
Fonterra Co-operative Group Limited is a New Zealand multinational publicly traded dairy co-operative owned by around 9,000 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exce ...
*
New Zealand Meat Producers Board
The New Zealand Meat Board is a statutory body which provides quota management on behalf of the Crown for meat exports to the United States, European Union and United Kingdom. To protect their own livestock industry these countries give limited ac ...
1922
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New Zealand Wool Board
The New Zealand Wool Board was established in 1944 under the Wool Industry Act.Julian Roche, p180, ''The International Wool Trade'', Woodhead Publishing, Cambridge, England, 1995 McKinsey & Company published a report in 2000 that sparked two ye ...
1944
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Dairy farming in New Zealand
Dairy farming in New Zealand began from small beginnings during the early days of colonisation by Europeans. The New Zealand dairy industry is based almost exclusively on cattle, with a population of 4.92 million milking cows in the 2019-20 seaso ...
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Agriculture in New Zealand
In New Zealand, agriculture is the largest sector of the tradable economy. The country exported NZ$46.4 billion worth of agricultural products (raw and manufactured) in the 12 months to June 2019, 79.6% of the country's total exported goods. Th ...
References
External links
Our historyat Fonterra
{{Economy of New Zealand
Marketing boards
Foreign trade of New Zealand
Dairy farming in New Zealand
Dairy organizations
Fonterra
Dairy marketing
Agricultural organisations based in New Zealand