Fonterra's opening forecast farmgate milk price is $7kg/MS for the 2013/14 season - up $1.20 on the current season.

Fonterra is cutting up to 300 jobs in its New Zealand corporate offices to save about $65 million a year.

Fonterra has announced senior management changes in its Asia Pacific Middle East Africa (APMEA) business unit, including the departure of the existing managing director APMEA and the appointment of a new managing director for Australia.

AUSTRALIAN SUPERMARKETS are ravaging all dairy products and this will get worse, an expert commentator predicts.

Construction of Fonterra's new $126 million UHT milk processing plant in Waitoa has taken another step forward with the site's blessing attended by Prime Minister John Key.

SOUTH AUCKLAND dairy farmer Murray Shaw is used to hosting VIPs on his 500-cow farm. In 2005 he hosted then Pakistani president Pervez Musharraf.

Fonterra has announced a half-year net profit of $459 million, a 33% increase over the previous year.

New Zealand-based Fonterra and Netherlands-based A-ware Food Group have given the green light to develop a new cheese plant and dairy ingredients plant in Heerenveen in the north of the Netherlands.

Fonterra will invest more than $100 million in a new UHT milk processing plant at its Waitoa site in the Waikato.

Fonterra  has confirmed its payout forecast range for the 2012/13 season of $5.90 - $6.00 before retentions for a fully shared up farmer, unchanged from the previous forecast range.