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.

A fall of 3.4% in the overall GDT Event price index last week was the fourth consecutive fall and prices are now at eight-month lows.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

Australia's key dairy region is facing a “supply chain revolution,” says Rabobank senior dairy analyst Michael Harvey.

While demand from China and ASEAN countries for New Zealand milk continues to grow, export margins have been squeezed and could potentially tighten further, according to a recently-released industry report.