Sheep and beef farmers, especially in the South Island, are going to take a substantial hit in their incomes this year as lamb prices weaken.

The Reserve Bank will release an updated stress analysis of the dairy sector this week.

Fonterra Australia commercial director Abhy Maharaj recently addressed the Australian Dairy Conference in Victoria. Here are excerpts from his speech.

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25%.

It was good to see Shanghai Pengxin open its doors last week.

Federated Farmers Dairy chairman Andrew Hoggard says subsidies and support payments to farmers are partly responsible for the shock rise in global milk production.

Fresh milk opportunities in China should be explored among consumers there concerned about the quality of their water, says an agricultural expert.

The no-show of El Nino has been a boon to farmers supplying Miraka, the Maori owned dairy company located near Taupo.

New Zealand appears to have lost its ability to influence global dairy prices, says Rabobank analyst Thomas Bailey.

Fonterra has dropped its forecast farmgate milk price for the 2015-16 season from $4.15/kgMS to $3.90/kgMS.