Jose Miguel Porraz is negotiating an uneven Kuala Lumpur footpath as he talks up the benefits of emerging markets.

Theo Spierings gets a pay rise of up to 18 per cent as Fonterra prepares to lay off 750 staff.

Fonterra is reporting a big turnaround in annual profit and a much improved forecast cash payout for the current year.

Dairy giant announces improved profit just days after increased the number of jobs it was cutting to 750.

Fonterra is on track to significantly improve its profits over the next decade, says KPMG.

Fonterra looks set for a big rebound in its annual net profit when it reports its result tomorrow, but the dairy co-operative will face challenges as the sector worldwide tries to adapt to low demand....

Low dairy prices have continued to weigh heavily on farmer sentiment, according to Rabobank's Rural Confidence Survey.

Chief executive Theo Spierings says dairy giant has to make tough decisions as review increases job cuts to 750.

Wholemilk powder prices, which are key to determining Fonterra's farm gate milk price, rose by 12.1 per cent to an average US$2078 a tonne at the last auction on September 2.

Fonterra is cutting back the amount of product it sells on its GlobalDairyTrade auction platform for the next 12 months.

Fonterra has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options.

Nominations have opened for seats on Fonterra's board, with chairman John Wilson and two other directors up for re-election.

Low world dairy prices aren't stopping the NZ industry - production was up 13pc last month from July last year.

Whole milk powder prices, which are the key to determining Fonterra's farmgate milk price, rose by 12.1 per cent to an average US$2078 a tonne.

Fonterra's move to cut the amount it sells on its global dairy auction appears to have worked.

Fonterra chairman John Wilson responds to criticism last week that Fonterra has been a failure.

Created in 2001, Fonterra was heralded as an "icon of economic transformation", a "breakthrough idea", "helping NZ catch the knowledge wave".

Signs look good for Fonterra that dairy prices will bounce in tomorrow's GlobalDairyTrade (GDT) auction.

Fonterra's market share in the South Island has slipped beneath the 80 per cent threshold specified in its enabling legislation, Minister for Primary Industries Nathan Guy says.

Fonterra's forecast of a 2 per cent fall in milk production this season is looking more conservative by the day as farmers cull stock.

Fonterra's market share in the South Island has slipped beneath 80 per cent ending pro-competition provisions.

"There's nothing more depressing than knowing when those big tankers come on to your farm you are paying Fonterra to take your milk away."

Finance Minister Bill English remains confident about the prospects for economic growth, despite recent dairy woes.

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.

Fonterra has been put on credit watch with negative implication by ratings agency Standard and Poor's.

Finance Minister Bill English said today the Government would not be offering special financial support to dairy farmers in trouble because of low prices.

The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.

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.