WATCH: Waikato farmer's impassioned defence of his fellow farmers following an expose on the "dark side of the farming industry".

Fonterra has signed a deal with an Australian infant formula plant.

Prices were up 3.6 per cent in the latest overnight dairy auction.

The slaughterhouse featured on TV One's Sunday programme has insisted that the worker accused of abusing calves was fired well before the show went to air.

NZX, New Zealand's financial markets operator, has increased the minimum volume of lots required in block trades of whole and skim milk powder futures, citing increased activity.

New Zealand calves being mistreated 'latest controversy' for dairy industry, say international media.

MPI says an investigation into the alleged mistreatment of bobby calves had begun before news broke.

Will footage of mistreating animals shown on television damage NZ's agricultural reputation?

Investigator whose shocking video exposes cruelty in New Zealand's dairy industry says he was tipped off by concerned farmers.

Fonterra's board and top management faced a tetchy reception at the annual meeting from shareholders looking at two straight years of low milk prices.

Fonterra has affirmed its guidance for the 2016 milk payout to farmers, although chairman John Wilson said it was dependent on next year's global dairy prices.

Should Kiwi farmers become foodies?

The stock, which is listed on both sides of the Tasman, traded as high as $1.27 - a 16.5 per cent gain on the opening price - before closing up 11.9 per cent at $1.22 last night.

Dairy prices look to have finally bottomed out and tentative signs have emerged in the futures market that they may soon improve.

Failed Crafar Farms bidder and fraud case defendant May Wang was back in the High Court at Auckland today.

International dairy prices are at a "particularly bad" part of the cycle, but are expected to improve substantially in the first half of next year.

The August-September price bubble has popped, according to a dairy broker.

An improved financial performance from Fonterra over the first quarter is serving to at least partly counterbalance a decline in global dairy prices.

The New Zealand dollar was little changed against the greenback this afternoon as investors continue to weigh up whether the Federal Reserve will hike interest rates next month.

In 2014/15, dairy companies processed 21.3 billion litres of milk containing 1.89 billion kilograms of milksolids.

There's some good news from the dairy sector today, with Fonterra saying its financial performance is improving.

Consumer and food service came in at $408 million, up 216 per cent on the previous year's.

Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness in dairy prices.