A ghastly period: that’s how DairyNZ West Coast consulting officer Ross Bishop describes the situation facing the region’s dairy farmers.

Federated Farmers dairy spokesman Andrew Hoggard says all the farmers he has talked to understand it is important to be able to manage the growth of the industry.

Cheesemaker Albert Alferink says he’s a man of few words.

Fonterra chief executive Theo Spierings says a good net profit and a strong balance sheet are crucial for the co-op’s future.

Fonterra farmers who borrowed money from the co-op during the last two seasons will soon learn how much interest will be charged from June 1.

Cash flows on dairy farms will be stronger this winter and spring, says Fonterra chairman John Wilson.

Butter is best when it’s made at Fonterra’s Clandeboye plant in the South Island.

Dairy prices stabilised in last night’s Global Dairy Trade (GDT) auction, rising 1.7% following a 9% fall over the previous two auctions.

Fonterra is sticking with its forecast farm gate milk price of $6/kgMS.

Casey Blatch, group financial controller for Canterbury milk processor Synlait Milk is the Young Financial Manager of the Year.

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