While it's always good to hear positive news stories, the latest Situation and Outlook report for dairy may be a tad rosy, says Feds national dairy spokesman Chris Lewis.

Dairy farmers are welcoming the report released today by the Parliamentary Commissioner for the Environment.

Canterbury milk processor Synlait reports “a solid result” in its half-year profit announcement, albeit down 9.6% on the same period last year.

Waikato Federated Farmers president Andrew McGiven is happy to see Fonterra back in the black.

Fonterra says its improved milk price reflects strong global demand relative to supply.

Fonterra farmers are emotional but realistic about losing some iconic business units — notably Tip Top, says Fonterra Shareholders Council chairman Duncan Coull.

Selling Westland Milk Products to the Chinese dairy giant Yili may be the right thing but will be the sad end of the cooperative, says Barrytown farmer Richard Reynolds.

Fonterra has taken a $126 million hit over the sale of its stake in Venezuelan consumer joint venture, Corporacion Inlaca.

Fonterra is pulling out of a European joint venture as part of its portfolio review following last year’s disastrous financial results.

Fonterra says it has returned to profitability with a net profit of $80m for the first half of the 2019 financial year.

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