Fonterra chief executive Theo Spierings says volumes for the year were down by 5%, driven by lower inventory. 

Fonterra's $7/kgMS opening milk price is at the top end of the range seen by market followers and analysts.

Fonterra farmers will get an extra 20c/kgMS for milk supplied to the co-op this season.

Fonterra has announced an opening forecast Farmgate Milk Price of $7/kgMS for the 2018/19 season starting June 1. 

AGCO is this year celebrating the 75th anniversary of AGCO Power, its engine business.

New Zealand horticulture had another record breaking year in 2017; exports reaching $5.12 billion, up $14 million from the year before.

The Ministry for Primary Industries and the New Zealand Government over time have done an excellent job of building the relationship with the Chinese Government in the infant formula space, says Infant Nutrition Council chief executive Jan Carey.

Branding created by the NZ meat industry and Beef + Lamb NZ will be available for use on products marketed by NZ companies in the NZ Farm Assurance Programme or that have their own ISO-approved standard.

The US dairy industry is now facing a challenging, unpredictable future under Trump. 

Australian dairy farmers produced an estimated 650 million litres in March, an increase of 2% on March 2017.