A one-year ban instituted by Russia on food imports from the West could hurt NZ's dairy trade, even though local exports are exempt, say economists.

Auckland infant formula maker New Image says it is "getting back into production" for the Chinese market now it has finally received clearance to export its products.

Danone is fighting to keep its New Zealand lawsuit against Fonterra live and is appealing the High Court putting the case on hold.

Falling dairy prices could weigh on the NZ dollar and help push the currency as low as US80c against the greenback by the end of this year, says an analyst.

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.

Commodity prices fell for a fifth straight month, led by whole milk powder, reflecting a build-up of inventory in China and strong local milk production.

Why are dairy prices falling? Well, if you read industry commentary from places like the United States and Europe they know who's to blame. It's us.

A sharp reduction in Fonterra's milk price will put the squeeze on the industry and rural communities will feel the brunt of the economic impact.

Fonterra says it's 'realigning' its packing operations at its Canpac plant in the Waikato - and 110 jobs may be lost as a result.

French food giant Danone says a High Court judge's decision halting its legal action against Fonterra will create undue delay.

Fonterra has successfully put Danone’s legal action against it in New Zealand courts on hold.

Big changes lie ahead for the international dairy trade when the European Union (EU) dismantles its 30-year-old quota system next year.

Agriculture reporter Jamie Gray looks at reasons why it’s not yet doom and gloom for the dairy sector following this morning's drop in global dairy prices.

The pressure is on Fonterra’s $7.00 a kg farmgate milk price forecast for this year after another sharp fall in international dairy prices overnight.

Fonterra-owned GlobalDairyTrade (GDT) has added another product line and a new participant to its online trading platform.

Fonterra said milk collection across New Zealand for the month of June reached 9 million kg of milksolids, 10.1 per cent higher than the same month last year.

Exporters - dairy farmers in particular - were quietly seething this week. They had to watch as milk powder prices fell 5% at the GlobalDairyTrade auction on Wednesday.

Fonterra's $7 per kg farmgate milk price forecast for 2014/15 is once again under significant downward pressure because of ongoing falls in international dairy prices.

June provided further evidence that the terms of trade is headed south, albeit from the most favourable levels in 40 years.

New Zealand commodity prices fell for a fourth straight month in June, led by apples, logs, whole and skim milk powder.

Speculation is mounting that Fonterra is on the verge of securing a profit-sharing agreement with a British dairy producer.

Dairy product prices fell to the lowest level since January 2013 in the latest GlobalDairyTrade auction, paced by a drop in butter and anhydrous milk fat.

Fieldays is over and tens of thousands of visitors to Mystery Creek have witnessed the future of dairy farming.

French food giant Danone was "lulled into a false sense of security" by allegedly misleading information Fonterra gave it months before the botulism scare.

Fonterra's attempt to suspend the legal action it is facing from Danone over last year's botulism scare is due to be heard today in the High Court.