Falling milk production due to weather constraints has forced Fonterra to reduce sales volumes across its entire product range.

Landcorp, no longer threatened with sales of some of its farms, has reported an after-tax profit of $51.9 million for the year to August 31.

The 2018 financial year has begun with confidence high among dairy, beef and horticultural clients due to good commodity prices, says PGG Wrightson in its first quarter guidance update to shareholders.

Fonterra will this month recoup $193 million from its farmers -- some of the special loans made two years ago at the depth of the dairy downturn.

Westland Milk Products (WMP) chairman Pete Morrison says the proposed changes to the governance structure of the cooperative will impose more accountability on the board.

Fonterra farmers will receive a final milk payout of $6.52/kgMS for last season.

Fonterra farmers will receive a final milk payout of $6.52/kgMS for last season.

It's strange times for the global dairy market.

Fonterra has announced an opening forecast of $6.50/kgMS for the 2017-18 season which starts June 1.

The rise of fats continues to play out as the GlobalDairyTrade (GDT) auction saw its second consecutive rise last week, says Rabobank dairy analyst, Emma Higgins.