Infant formula volumes remain the key driver of Canterbury-based Synlait Milk Ltd’s increasing profits, says managing director John Penno.

A warning is sounding to dairy farmers that environmental policy is likely to restrict cow numbers.

China demand for whole milk powder has been keeping prices elevated, says Rabobank senior dairy analyst Michael Harvey.

The China infant formula market has been very challenging for several dairy companies operating there for the last 18 months – not just Fonterra, says Rabobank senior dairy analyst Michael Harvey.

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.