Dairy giant Fonterra has announced details of a record year - with $10.6 billion to be distributed to its farmer owners. Its detailed a record payout of $8.25, comprising a "Farmgate Milk Price" of $7.60 per kilogram of milksolids for the 2011 season...

Fonterra farmers are again warning that any change which may reduce their ownership or control of the co-operative sill be rejected.

Landcorp Farming, New Zealand's biggest farm business, expects Fonterra's payout to slip next year and its own earnings from beef exports to fall, reflecting the high kiwi dollar.

Reduced demand for organic dairy products has lead to dairy giant Fonterra pulling back from its organic operations.

The New Zealand dollar may rise this week, as equity markets recover from a three-week selloff following the US credit rating downgrade.

Trade Minister will be under pressure in Beijing to live up to the terms of the FTA.