Fonterra says it is significantly reducing the amount of product it puts up for sale on the GlobalDairyTrade auction platform over the next 12 months.

Milk powder prices will need to improve substantially before Fonterra's revised farmgate milk price of $3.85 per kg of milk solids can become a reality, say analysts.

$4.55 swing in forecast milk price paid to farmers over two seasons shows there's something wrong with NZ's dairy model, says Landcorp Farming CEO Steve Carden.

The country's biggest exporter has lowered its price from a previous forecast of $5.25 following sharp falls in whole milk powder prices.

Paparimu dairy farmer Craig Maxwell says farmers are worried about the survival of their farms.

A drop in the price of milk on supermarket shelves could be in store for New Zealanders - but not anytime soon, says supermarket chain Countdown.

Fonterra is expected to announce a sharp reduction in its farmgate milk price today.

Dairy farm prices are likely to fall this spring as the sector faces the prospect of two successive years of sub-par payouts, says the ANZ Bank

DairyNZ says New Zealand milk production is expected to fall by 2 or 3 per cent this season as farmers focus on improving the efficiency of their farming systems.

The ANZ Commodity Price Index for July fell 11.2 per cent to the lowest level since October 2009.

Cow effluent charges against two Marlborough farmers have been proven.

Fonterra's board will meet on Friday to review the farmgate milk price.

As milk prices fall, farmers keep waiting for the cycle to turn. But what if Fonterra's problems are longer term, asks Jamie Gray.

Is Fonterra on the right track? Or is it time for Plan B? Plan B would result in the company being split into a basic commodity player focused on growing the milk price.

The story of Harry Meijer and his flying fox has been viewed more than 164,000 times on the New Zealand Herald's Facebook page.

International investors from Europe, the United States and Australia are likely to consider buying more New Zealand dairy farms, says an expert.

Watch the exclusive video of Canterbury dairy farmer Harry Meijer who's come up with an innovative way to get to work each morning.

As Fonterra's NZX-listed units languish near an all-time low, analysts say the market will remain cool on the dairy giant.

Germany is the largest export market for New Zealand onions, followed by Indonesia and Japan.

Pressure is building on Fonterra chief executive Theo Spierings as the dairy industry faces up to a winter of discontent, writes Liam Dann.

Jamie Gray writes: For Fonterra's farmers, investors and employees the severity of the dairy downturn will become clear early next month.

Silver Fern Farms, NZ's biggest meat processor says it is considering raising $100m in fresh capital.

France's meat and dairy producers halted traffic and blocked tourist sites in several regions to protest low prices.

Open Country has told its farmers that their forecast payout has been cut back due to slumping world dairy prices.

Chief Theo Spierings admits news unsettling for staff as co-op tries to reduce its payroll bill by up to $60m a year.

Liam Dann says axing 523 jobs may make financial sense to Fonterra's chiefs but the dairy slump is bigger than that.

Fonterra's board will consider its current farm gate milk price forecast for 2015/6 at its next meeting on August 7, a spokesman for the co-operative said.

Dairy prices have plunged in the latest world dairy auction, taking the Kiwi dollar down with it.

The prices eased in the first sale of the new 2015/16 season as demand weakened.