Fonterra's latest farmgate milk price forecast for 2015/6 is
already under downward pressure after dairy prices fell for
the third time in a row at the latest GlobalDairyTrade
auction, the GDT price index dropping by 7.4% since the last
Dairy Farms NZ has gained Overseas Investment Office approval
for its $47 million purchase of five central Southland dairy
farms ahead of a further capital-raising and eventual listing
on the New Zealand sharemarket.