Dairy giant Fonterra has attacked proposed changes to raw milk regulations, saying profits will head overseas and it will hinder rather than help New Zealanders get access to affordable milk.
Fonterra has broken its record for the highest export month, dispatching 246,000 tonnes of dairy products during December and boosting New Zealand's economy by $1.3 billion.
Dairy commodity prices lifted 1.5% on Fonterra's overnight online auction this week, clawing back from a price drop in the previous sale two weeks ago.
Several independent advisers are examining Fonterra's Trading Among Farmers (TAF) scheme to ensure it will preserve 100% farmer control and ownership, as part of a comprehensive due diligence process.
Dairy giant Fonterra will reduce its domestic milk price from the end of the month and the savings look likely to be passed on to consumers at supermarkets.
School milk is to be reintroduced in New Zealand as a pilot scheme launched by dairy giant Fonterra.
As could be expected, Fonterra's decision to supply free milk to primary school children from next year has been greeted with nothing but praise. So it should.
Dairy giant Fonterra is looking at reintroducing milk in schools nationally in 2013, while also continuing to review the price of milk in New Zealand.
Fonterra farmers have received an early Christmas bonus - a 20c increase in the 2012 payout forecast.
Fonterra has announced an increased payout forecast range for the 2012 season of $6.90-$7.00 per kilogram of milksolids (kgMS), up 20c on the previous forecast.
Two teams of volunteers marked International Volunteers Day last week by joining the Catchment Care programme to help enhance the native plant life in Southland and Waikato.
A move by Fonterra to improve water quality in lakes, rivers and streams has been welcomed by the Otago Regional Council and Environment Canterbury.
A new clause in Fonterra's terms of conditions of supply, requiring farmer suppliers to keep stock out of waterways, will contribute to the quality of New Zealand's lakes, rivers and streams, the dairy co-operative says.
Fonterra chairman Sir Henry van der Heyden will stand down at the dairy co-operative's next annual meeting.
Incumbent Fonterra directors Jim van der Poel and John Monaghan have been re-elected to the board of the dairy co-operative.
Fonterra's decision to drop its milk payout forecast for the 2011-12 season by 45c is no reason to panic, Federated Farmers says.
Fonterra is dropping its milk payout forecast for the 2011-12 season by 45c, blaming a continued softness in commodity prices and a stronger New Zealand dollar.
Voting is open for Fonterra's board of directors and for the shareholders councillor elections.