Fonterra chairman John Wilson says there is further downside risk to its 2014-15 forecast payout.

FONTERRA FARMERS are welcoming the co-op's infant formula joint venture in China.

Fonterra has held its forecast payout for the 2014/15 season at $6.00 per kgMS and expects dairy prices to improve as the season progresses.

FONTERRA HAS reduced its forecast farmgate milk price for the 2014/15 season from $7 to $6/kgMS and announced an estimated dividend range of 20-25 cents per share

Fonterra has appointed Miles Hurrell as its new group director cooperative affairs.

FONTERRA AND Abbott have formed a strategic alliance to develop a dairy farm hub in China.

FONTERRA HAS entered into an exclusive partnership with UK-based Dairy Crest to market and sell two products for the fast growing global baby food market.

FONTERRA HAS announced two senior appointments to its management team.

FONTERRA AND NESTLÉ have realigned their 10-year old Dairy Partners Americas (DPA) 50/50 joint venture and signed binding agreements covering the revised scope of the alliance.

FONTERRA HAS announced a forecast opening farmgate milk price of $7k/gMS for the 2014/15 season.