Fonterra has cut its forecast farmgate milk price for the
current season to $4.50 a kg of milk solids from $4.70
because of volatility in world markets caused by oversupply,
with much of it coming from New Zealand.
The New Zealand Markets Disciplinary Tribunal has fined
Fonterra $150,000 for breaching continuous disclosure
requirements to the NZX during the dairy manufacturer and
exporter's botulism false alarm last August.