World dairy prices were up 2.4pc in the latest overnight auction.

Firm in dispute with Fonterra argues recall of some infant formula brands cost it the thick end of $326 million.

Hokitika dairy co-operative Westland Milk Products and Waikato's Tatua outperformed their far larger competitor, Fonterra, for farmer payouts over the 2012/13 year.

Fonterra said it was too early to say what the impact of last month's contamination scare would have on its earnings for the 2013/14 year.

Fonterra said its normalised earnings before interest and tax for 2012/13 came to $1 billion, down 3 per cent on the previous year.

Fonterra has once again raised its farmgate milk price for the 2013-14 season, this time by 50c to a record $8.30 per kg of milk solids.

Fonterra's annual earnings look set to fall short of its prospectus forecasts when the company reports its result for the July 31 financial year tomorrow.

Exporters say many Chinese consumers remain unaware that Fonterra's botulism scare was a false alarm.

Trade Minister Tim Groser says New Zealand is partway through a process of restoring its reputation in the world as a safe food producer after Fonterra's whey product contamination scare and subsequent product recall last month.

An 11-year-old put Fonterra's light-proof milk bottles to the test.

One small dead mouse - that's what brought New Zealand's dairying giant Fonterra to its knees.

Two Fonterra managers "on leave" as a result of the botulism scare are now awaiting a board review to find out their fate.

AgResearch has defended its testing of Fonterra's whey concentrate products that led to a false alarm over the presence of a botulism toxin.

New Zealand has pushed Fonterra's case in meetings with the Sri Lankan government following a tumultuous month which saw the dairy giant temporarily shut down its Sri Lankan operations.

Who decided to sound the alarm before they knew for certain it was a botulism-causing bacteria? John Roughan looks at the issue.

Baby formula company Nutricia and anyone else considering legal action over the Fonterra contamination scare should wait until inquiries into the incident are completed, Prime Minister John Key says.

Baby formula maker Nutricia says it still considering whether to take legal action over the Fonterra botulism scare.

When Nutricia's Karicare infant formula was recalled, Auckland mother Hayley Nieuwoudt vowed never to feed her 7-month-old son, Eric, the brand again.

Fonterra "got away with it" over the botulism scare - but NZ's reputation took a big hit in China and that won't suddenly be undone, writes Liam Dann.

The false alarm over Fonterra's botulism scare has resulted in a relieved food industry - but prompted questions about how testing failed on an epic scale.

Fonterra's food scare was put quickly into perspective when the dairy giant raised its 2014 farmgate milk price payout to a record $7.80 a kg of milk solids.

New Zealand may boost the number of trade specialists in Asia in the wake of Fonterra's botulism and DCD scares, Prime Minister John Key says.

After Fonterra's Sri Lankan stand-off at the weekend it is tempting to say the company is having a shocker of a year, writes Liam Dann.