Fonterra's Chinese partner Beingmate last month agreed to set up a joint venture to buy the co-op's Darnum, Victoria, plant.

Fonterra has received approval by the Beingmate Baby and Child Food board to establish a joint venture to purchase the co-op's Darnum plant in Australia.

Fonterra has appointed Judith Swales to the new role of managing director for Oceania.

A 60-year-old Auckland businessman has today been charged in connection with the criminal blackmail threat to poison infant formula with 1080, made public in March this year.

Fonterra is being urged not to force restrictions on the use of palm kernel expeller (PKE) without consulting farmers.

Fonterra chair John Wilson says there has been “a complete misunderstanding” over the pay increase for the co-op’s chief executive.

Fonterra chief executive, Theo Spierings, says improved second half results in the 2015 financial year were driven by a strong focus on cash and costs.

Fonterra is shedding another 227 jobs as part of an on-going business review.

Fonterra's commitment to volume, value and velocity (growing volume and value with speed – also called Strategy Refresh) has been firm and appears frequently on the corporate website. 

Fonterra is losing control – control of correctly predicting the mood among commodity buyers and correctly predicting how dairy prices will fare.