Fonterra farmers are emotional but realistic about losing some iconic business units — notably Tip Top, says Fonterra Shareholders Council chairman Duncan Coull.

Selling Westland Milk Products to the Chinese dairy giant Yili may be the right thing but will be the sad end of the cooperative, says Barrytown farmer Richard Reynolds.

Fonterra has taken a $126 million hit over the sale of its stake in Venezuelan consumer joint venture, Corporacion Inlaca.

Fonterra is pulling out of a European joint venture as part of its portfolio review following last year’s disastrous financial results.

Fonterra says it has returned to profitability with a net profit of $80m for the first half of the 2019 financial year.

The Global Dairy Trade (GDT) auction continues to deliver good news for dairy farmers.

The Government says the proposed $10 million loan to Westland Milk is off the table.

The proposed sale of Westland Milk to Chinese company Yili is causing alarm among social media users.

Chinese dairy giant Yili says Westland Milk Co-op suppliers will benefit from a competitive milk payout and greater export opportunities.

Chinese dairy giant Yili will pay $588 million for dairy co-op Westland Milk, it was announced overnight.

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