Increased milk production is putting pressure on Fonterra's milk collection, manufacturing and the supply chain.
Taieri farmer James Adam reflected the feelings of many yesterday when he reacted positively to Fonterra's record financial results announcement.
Fonterra has just announced record financial results for the 2011 financial year, saying big exports and contributions from its overseas businesses will mean more than $10 billion flowing into the New Zealand economy.
Fonterra has announced record financial results for 2011 - including revenue of $19.9 billion - boosted by a bumper year for dairy exports and strong contributions from overseas businesses.
Total farmer ownership and control of Fonterra is non-negotiable, Fonterra Shareholders Council chairman Simon Couper says.
Fonterra and United Kingdom-based dairy co-operative First Milk have announced a joint venture to produce whey proteins for Fonterra's growing food ingredients business in Europe.
Opshop frontman Jason Kerrison is returning to his roots to help celebrate Fonterra's 10th birthday next month.
Fonterra is proposing changes to the raw milk regulations which it says will ensure processors supplying New Zealanders with dairy products "get their fair share" of regulated milk.
Fonterra has confirmed there is no change to its opening 2011-12 season forecast of $7.15-$7.25 before retentions, despite volatile economic and market conditions.
DMV-Fonterra Excipients - Fonterra's 50/50 joint venture with Dutch dairy company Royal FrieslandCampina - is purchasing an Indian phar-maceutical company.
Six years after predicting a 140 percent increase in demand for its organic milk sales, dairy giant Fonterra is gutting the business by slashing numbers of supplier farmers across the North Island by about half.
An estimated 9.5 million litres of milk has been disposed of as treacherous road conditions affected Fonterra's collection throughout New Zealand over the past two days.
Milk could not be collected from Otago and Southland dairy farms yesterday because of treacherous road conditions, a Fonterra spokeswoman said last night. About 1700 dairy farms' milk could not be collected across New Zealand, with nearly all the South Island affected.
While doubtless on firm technical ground in ruling out a formal investigation into the price of milk, the Commerce Commission's decision last week puzzled many casual observers.
The Government is more likely than not to support an inquiry into the price of milk when the issue goes before Cabinet today, Prime Minister John Key says.
The Commerce Commission today gave Fonterra dairy farmers a free pass by deciding not to stage a formal inquiry into the price of milk, but said the dairy giant still faces several other probes - including one into alleged abuse of market powers.
Fonterra, for the first time, is going to raise $US42 million ($NZ56 million) in renminbi-denominated bonds in China, to underpin growth in that country.
Fonterra Brands New Zealand has responded to pressure and confirmed it will reduce butter and cheese prices next month in line with international price decreases, after separate reports put the dairy giant's pricing under close scrutiny.
Dairy giant Fonterra says it will make additional disclosures on the drivers for its financial performance, "including more information relating to the Fonterra milk price".