Fonterra has dropped its forecast farmgate milk price for the 2015-16 season by 45c to $4.15/kgMS.

Another year has almost passed us by – again – and it is time for the annual review of 2015's good, bad and ugly in regards to the primary sector as seen by the Rural News editorial team...

Rural News' irreverent and hypothetical look at what's happening in the farming world.

Fonterra is selling its Australian yoghurt and dairy dessert business to Parmalat Australia Pty Ltd.

Fonterra farmers are looking forward to higher returns as a result of the co-op's capital expenditure.

Fonterra chief executive Theo Spierings says the co-op must "stay the course" despite market uncertainty.

Fonterra will focus on 'tier three' and 'four' cities in its bid to double sales in China in the next five years to $10 billion per annum, chief executive says.

Fonterra will sell its 50% interest in DairiConcepts, the co-op's US joint venture with Dairy Farmers of America (DFA).

Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.

On-shelf dairy prices for consumers in China are too high so demand is not growing, says Fonterra's chief executive Theo Spierings.