The 5100 bales of South Island wools on offer this week through the Wool Services International auction saw strong competition and a 90.5% clearance.

The Commerce Commission is considering gradual relaxation of the Dairy Industry Restructuring Act (DIRA) raw milk regulations that require Fonterra to supply milk to competitors.

The $32 million expansion of Fonterra's Eltham site in Taranaki has reached a key milestone, with the first individually wrapped slices of cheese coming off its production line.

ASB still expects dairy auction prices to rise over the season despite the GlobalDairyTrade price index falling 7.4% at the auction overnight.

The Ministry for Primary Industries (MPI) is reminding consumers to take care when drinking raw unpasteurised milk, a high-risk food.

Fonterra says Farm Source has delivered millions in value to more than 9000 Fonterra farmers since its launch in Methven a year ago.

Fonterra has sold its 9% stake in Australian cheese processor Bega Cheese for A$74 million.

Australian Clinton Dines will take up the board position made vacant by Sir Ralph Norris on November 25 at the annual meeting.

Fonterra has launched a new application centre in Guangzhou.

Fonterra says its new processing plants have helped process more than 86.9 million litres of milk on the co-op's biggest day of the year – October 22.

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