Fonterra's Ferrier stepping down as CEO
The search is on for a new chief executive at Fonterra, with the announcement that Andrew Ferrier is stepping down from the job.
The search is on for a new chief executive at Fonterra, with the announcement that Andrew Ferrier is stepping down from the job.
The New Zealand dollar may extend its losses this week as the cost of the Christchurch earthquake becomes clearer.
Agriculture Minister David Carter has ruled out government intervention to keep milk prices down, saying high international prices will benefit the New Zealand economy.
Prices in Fonterra's latest online auction have been pushed to record levels but recent volatility means picking the top of the cycle is proving tricky.
Freeze comes a day after the Government ordered a review of whether the local market was working well for consumers.
Fonterra today announced it would freeze the domestic price of milk for the rest of year, after criticism that it was becoming unaffordable for many families. The price of milk had risen steadily over recent months...
The Chinese company that sparked a fierce national debate last year about foreign investment in farming is ploughing ahead with plans to export millions of cartons of UHT milk from New Zealand to China.
The bid is all about getting control of the seed business.
Think it's all good down on the farm? Think again. Property values are plunging, and the crisis could yet hit the cities too, reports Karyn Scherer.
Janette Walker's farm was soaring in value and the bank was happy to lend - then everything changed.
World dairy prices have continued to surge in Fonterra's latest online global dairy auction, rising 7.2 per cent overnight.