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.

Fonterra says it is disappointed about a poor first-half result expected by its Chinese infant formula investment, Beingmate Baby & Child.

Farmer sentiment has been dented by a slump in dairy prices and conditions which saw more stock sent to slaughter earlier.

In submissions to the Commerce Commission, Fonterra's competitors say there is insufficient competition to deregulate.

The Chinese dairy firm partially owned by Fonterra has been suspended from trading amid the Chinese stock market turmoil.

Accolades for Craig Norgate rolled in yesterday from the rural and corporate sectors after the high-flying executive died suddenly in London.

The family of Fonterra’s first chief executive Craig Norgate may have to wait more than two weeks before they can bring the 50-year-old’s body home.

The price for NZ's key dairy export, whole milk powder, is set to decline further at tonight's GlobalDairyTrade auction.

MP says cost to Kiwis unacceptable as Fonterra, supermarkets point finger at one another.

Prime Minister John Key says overseas markets are causing high prices for milk at home.

Dairy prices slipped again at this morning's GlobalDairyTrade auction, the GDT price index falling by 1.3 per cent.

Fonterra has once again successfully tapped into the so-called dim sum bond market in Hong Kong by this week raising 1 billion renminbi ($230 million) through a five-year bond.

More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.

Opposition parties have labelled Fonterra chief executive Theo Spierings' $4.18m salary as "absurd".

Fonterra management had no choice but to restructure, writes Liam Dann. But it is cosmetic surgery for a patient that requires much more fundamental medical attention.

Highly-paid head office managers are expected to be in Fonterra's sights as it slashes hundreds of administrative jobs to cope with falling global milk prices.

Market analysts and dairy industry players say Fonterra needs to improve its performance and while job cuts are unfortunate, big changes are required.

Fonterra says it will lay off hundreds of its 1500 head office staff in a major review following the decline in dairy prices.

AgriHQ forecasts increased milk production and a higher forecast payout to dairy farmers will bolster the economy.

Danone Nutricia, the French-owned infant formula maker, has reported a full-year loss it attributes to the continuing effects of the Fonterra Co-operative Group's botulism scare in August 2013.

Danone Nutricia has reported a full-year loss it attributes to ongoing fallout from the Fonterra botulism scare in 2013.

Is global consulting firm McKinsey reviewing management at Fonterra? Seems so, though Fonterra won't confirm it.

The sale of Lochinver station to Chinese interests spearheaded by Shanghai Pengxin reignited concerns about farm sales to foreigners during the election campaign.

The yawning gap between supply and demand once again made its presence felt at the latest GlobalDairyTrade (GDT) auction.

The ANZ Commodity Price Index for May fell by 4.7pc, following April's 7.4 per cent decline.