Fonterra starts inquiry into tainted products, NZ govt to follow
WELLINGTON (REUTERS) - New Zealand dairy food giant Fonterra launched an inquiry on Monday into how infant formula products became contaminated with a botulism-causing bacteria, anxious to repair a damaged reputation that has threatened the country's export trade.
The review led by Fonterra board member Ralph Norris, a former CEO of the Commonwealth Bank of Australia, is expected to take six weeks.
New Zealand's government is also planning to conduct its own review and is likely to be announce details later in the day.
These investigations are in addition to a separate internal Fonterra probe and one launched by New Zealand's agricultural regulator.