Fonterra has appointed a board sub-committee to salvage its disastrous investment in Chinese infant formula trader Beingmate.

Fonterra farmers says the co-op’s half year results is a mixed bag; they welcome the lift in forecast milk price but are unhappy with the drop in dividend.

Outgoing Fonterra chief executive Theo Spierings says the normal tenure of a global chief executive is between five and seven years.

Fonterra farmers are questioning the timing of the announcement of chief executive‘s Theo Spierings departure.

Fonterra chief executive Theo Spierings is to leave by the end of this year.

Fonterra has posted a half-year loss of $348 million on the back of a huge write-down of its Beingmate investment in China.

A Massey University professor of animal welfare has been advising China’s animal production officials on raising their industry’s welfare standards.

Fresh milk produced in New Zealand is now available for the first time on supermarket shelves in Shanghai.

Troubled Chinese infant formula company Beingmate has sold a subsidiary, despite opposition from cornerstone shareholder Fonterra which owns an 18.8% interest.

Independent dairy processor Synlait is to set up an R&D centre at Massey University, Palmerston North.