''We will stop exporting, that is what will happen if we stay in level 4.''

Shareholders mulling capital restructure plan want financial performance signposts.

Balance sheet can't offer any relief for immediate pain of share devaluation.

Investigation followed complaint by one of Fonterra's biggest shareholders.

Strong demand has led Fonterra to cut back on the amount of powder it sells at auction.

Fonterra accepts that plant-based milks are here to stay.

Detail on strategy and performance outlook needed along with any change.

Fonterra's capitalisation value has fallen $3b since capital restructure plan announced.

Plan for keeping Fonterra's factories full of milk comes with plenty of questions.

Nearly $800m could flow into the Northland economy if strong milk price remains.

Banks have revised up their milk price forecasts on the back of steady GDT auctions.

Farmer council listening along with everyone else before taking formal view.

Farmers and unitholders have different ideas about risk and value.

Agriculture Minister Damien O'Connor committed to helping Fonterra get fast change.

Fonterra's units could be on the way out if the co-ops proposals are adopted.

Proposals expected to address milk supply loss and high cost of entry.

Prices were mostly steady at today's GDT auction, reinforcing high milk price forecasts.

Dairy woman Belinda Price likes helping people and is progressing towards farm ownership.

Soprole overcame difficulties imposed by a weak economy and Covid-19.

Farming hubs in Ying and Yutian sold.

Proposed 2037 end of industrial coal use ambitious and hard to meet.

If Fonterra's owners want to cut their capital exposure, the co-op might have to shrink.

S&P Global says strong demand is pushing up the cost of raw milk in China.

Fonterra needs to explore all, and new, pathways to capital.