THE new chairman of DairyNZ, Michael Spaans says farmers are facing challenges on several fronts.

56 years is a long time to stay in any one job, but it seems an especially long amount of time to spend working with your hand up a cow's rear end.

Prime Minister John Key has praised the dairy industry for driving innovation and technology at the opening of Waikato Milking Systems new $13 million building in Hamilton today.

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.

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