Latest from Fonterra

Director of Spark NZ resigns
Spark New Zealand director Maury Leyland will resign from the telecommunications company's board from the end of next month.

Prices rise at dairy auction
Prices continued to improve at this morning’s GlobalDairyTrade auction, the GDT price index gaining 1 per cent since the last sale a fortnight ago.

Confidence draining in key dairy regions
Falling milk powder prices have hit consumers' economic confidence in the key dairy regions of Southland and the Waikato, says Westpac.

Fonterra subsidiary plan sparks fears
Fonterra's plan to allow non-members to supply it with milk has sparked fears that it could end up eroding the group's co-operative base.

Dairy prices improve at latest auction
Dairy prices mostly improved at this morning’s GlobalDairyTrade auction, the GDT price index gaining 2.4 per cent.

Farmer body backs Fonterra milk plan
The Fonterra Shareholders Council is "broadly supportive" of plans for the co-operative to start sourcing milk from South Island suppliers who are not also shareholders.

Brian Fallow: Riding the dairy monster
A $6 billion drop in dairy farmers' incomes this season is a blow to the wider economy, no question, writes Brian Fallow. But it's not all bad.

Fonterra thirsts for milk
Fonterra has moved to shore up its supply base by forming a subsidiary that can take in more milk without suppliers having to buy shares in the co-operative.

Dairy outlook still sound - Rabobank
The medium to long term outlook for NZ dairy farmers remains sound, despite yesterday's payout cut, says rural lender Rabobank.

Fonterra launches 'mymilk' subsidiary
Fonterra said it had launched a separate milk sourcing subsidiary - mymilk - to grow its market share in the South Island.

Fonterra to cut costs as forecast falls
Fonterra plans to cut costs and defer some capital expenditure so that an improved dividend can at least partially offset a likely $6b decline in income for the sector.

Botulism report: Fonterra lacked plan
Neither Fonterra nor the Ministry for Primary Industries emerged unscathed in the final report on the botulism scare that rocked the New Zealand dairy industry last year.

Fran O'Sullivan: Fonterra still in a state of denial
There is one salient comment in the report by Queens Counsel Miriam Dean into the WPC80 incident that ought to give Fonterra's directors and shareholders cause for concern: "A company that is....

Fonterra slammed in botulism probe
Fonterra's workplace culture showed an entrenched 'silo' mentality that robbed it of vital cohesion, a govt report into a botched botulism scare has found.

Farmers face water restrictions as El Nino develops
NZ farmers are facing summer water restrictions in some regions as an El Nino weather pattern develops.

Wholemilk powder prices continue drop
Wholemilk powder prices continued to decline while other products showed signs of improvement at this morning’s GlobalDairyTrade auction.

Low dairy prices depress index
ANZ's commodity price index fell for the ninth month in a row in November, as milk powder prices hit five-year lows.

Terms of trade picked to fall further
Falling dairy prices have begun to undermine one of the foundations of the economic upswing, rising national income from the most favourable terms of trade.

Dairy payout below $5 a kg picked
Tomorrow will see the last GlobalDairyTrade auction before Fonterra releases its revised farmgate milk price forecast for 2014/15.

Fonterra mulls equity partnership trust
Fonterra says it had started a consultation process to gauge interest in a proposed equity partnership trust for its farmers.