Surge in milk powder prices
Milk powder prices surged in Fonterra's latest online auction.
Milk powder prices surged in Fonterra's latest online auction.
Fonterra is talking to its farmers this week about ways of allowing them to start trading in its shares.
The Chinese-owned company wanting to buy the balance of the Crafar farms would be the first vertically integrated dairy business in NZ.
Fonterra says revenues fell $300 million in the past half year, but that world dairy prices continue to recover.
New Zealand's dairy farms are getting dirtier - not cleaner, according to new research released today.
A free trade deal with the highly protected Indian economy could mean big things for New Zealand agriculture exporters.
Fonterra has raised about $270 million from its farmer shareholders.
Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.
First it was baby formula - now it appears NZ-sourced Fonterra milk powder is also being sold online in China.
NZ supermarkets are rationing baby formula because of fears of a shortage caused by Chinese buyers selling it in bulk to parents back in their homeland.