Fonterra is set to cut hundreds of jobs from head office as it undergoes a major review of operations. 

The 2014-15 season will be a season to forget for Fonterra farmers.

Fonterra has reduced its forecast farmgate milk price for the 2014/15 season from $4.70/kgMS to $4.50/kgMS.

Fonterra has announced changes to the roles and responsibilities of two members of the Fonterra Management Team.

Fonterra chairman John Wilson says farmers are rightly disappointed with its half-year results, with some threatening at recent farmer meetings to leave the co-op.

Fallout from the 2013 false botulism scare and poor yoghurt sales continue to haunt Fonterra’s Australian business.

Federated Farmers Dairy president Andrew Hoggard is urging farmers to maintain a frugal mindset in the face of disappointing half-year results by processors.

Fonterra has described its half year trading as subdued, with revenues dropping 14% compared to last year.

Fonterra chief executive Theo Spierings says other multi-nationals have dealt with issues such as the 1080 threat so they are being kept informed not only for transparency but for best practice around the globe.

The dairy industry has joined with NEXT Foundation and the Department of Conservation in the fight against invasive predators.