Latest from Dairy

Chief: We'll get through

Fonterra chairman John Wilson says he knows farmers are increasingly anxious about low farm-gate milk prices.

Media told of job cuts before staff

Media were told that hundreds of Fonterra jobs were to be axed, hours before staff heard the news.

Dairy not biggest cheese: English

Bill English says that while the dairy industry was an important one, it was not necessarily as big as many thought.

Depression: Farmers need to take care

A national programme to address rural depression will be developed in recognition of challenging times for farmers including volatility in milk prices.

Dairy giant needs more than cosmetic surgery

Fonterra management had no choice but to restructure, writes Liam Dann. But it is cosmetic surgery for a patient that requires much more fundamental medical attention.

Fonterra heads on the block

Highly-paid head office managers are expected to be in Fonterra's sights as it slashes hundreds of administrative jobs to cope with falling global milk prices.

Call for big changes at Fonterra

Market analysts and dairy industry players say Fonterra needs to improve its performance and while job cuts are unfortunate, big changes are required.

Layoffs expected at Fonterra

Fonterra says it will lay off hundreds of its 1500 head office staff in a major review following the decline in dairy prices.

Milk production to boost economy by $1.8b

AgriHQ forecasts increased milk production and a higher forecast payout to dairy farmers will bolster the economy.

Synlait lowers forecast payout

Lochinver purchase stalls

The sale of Lochinver station to Chinese interests spearheaded by Shanghai Pengxin reignited concerns about farm sales to foreigners during the election campaign.

Record number of cows culled

More than 52,000 dairy cows have been slaughtered in a week - the highest rate ever recorded.

Low milk prices risk to banks

Two successive years of low milk prices will increase pressure on the asset quality of New Zealand banks, says ratings agency Fitch.

Sixth drop in a row for dairy prices

The yawning gap between supply and demand once again made its presence felt at the latest GlobalDairyTrade (GDT) auction.

Commodity prices fall again in May

The ANZ Commodity Price Index for May fell by 4.7pc, following April's 7.4 per cent decline.

Dairy Auction: Sixth successive decline

International dairy prices continued to fall as the market struggles to recover from a supply/demand imbalance and subdued demand from China.

Chief confident prices will rebound

The next eight months will be lean for dairy farmers but Rabobank NZ chief Ben Russell says he is confident the downturn will be cyclical and one most farmers can cope with.

Brian Gaynor: IPO puts spotlight on Aussie dairy sector

Trust set-up raises issue of whether farmer shareholder and external investor interests in Fonterra are fully aligned.