A crisis looms in the dairy industry as the implications of the $4.50 payout starts to hit home.

On the back of declining international milk prices Westland Milk Products has reduced its predicted payout for the 2014-15 season.

The world tractor market for 2014 is estimated to be about 2.1 million units, which showed a slight decline and high regional variation. 

February's production data released by DCANZ last week shows Fonterra’s drought impact warning was over-the-top and explains why markets have corrected so sharply, say analysts.

Fallout from the 2013 false botulism scare and poor yoghurt sales continue to haunt Fonterra’s Australian business.

Australia's biggest dairy processor, Murray Goulburn, will hold an extraordinary meeting in April to seek supplier approval to list on the Australian Securities Exchange (ASX).

Fonterra has made a u-turn on its organic business, on the back of growing global demand, lifting its premium to certified organic dairy farmers by 45 cents to $1.50/kgMS.

In just under two months’ time, the world’s largest milk producer will see one of its biggest regulatory changes in three decades. 

In 2007 at the age of 26, Kate Acland decided she wanted to have her own winery where she could concentrate on her Sugar Loaf label and maybe provide some contract winemaking facilities.

Synlait Milk has revised its forecast of the market milk price for the FY2015 season down from $5/kgMS to $4.40/kgMS; along with a corresponding decrease in advance rates to farmers.