Fonterra's workplace culture showed an entrenched 'silo' mentality that robbed it of vital cohesion, a govt report into a botched botulism scare has found.

NZ farmers are facing summer water restrictions in some regions as an El Nino weather pattern develops.

Wholemilk powder prices continued to decline while other products showed signs of improvement at this morning’s GlobalDairyTrade auction.

ANZ's commodity price index fell for the ninth month in a row in November, as milk powder prices hit five-year lows.

Falling dairy prices have begun to undermine one of the foundations of the economic upswing, rising national income from the most favourable terms of trade.

Tomorrow will see the last GlobalDairyTrade auction before Fonterra releases its revised farmgate milk price forecast for 2014/15.

Fonterra says it had started a consultation process to gauge interest in a proposed equity partnership trust for its farmers.

Andrew Rolfe, Fletcher Construction project manager, said a 16m hole on the corner of Halsey St and Gaunt St in the Wynyard Quarter had now been completed.

Dairy farmers should be able to weather a low payout for the current season, thanks to last year's record milk price, but two poor seasons in a row would put the sector under financial stress,....

New Zealand tractor sales are expected to match record highs this year, thanks to high milk prices and good growing conditions.

Fonterra now looks certain to drop its farmgate payout to its farmers, after prices fell in the latest overnight dairy auction.

John Key says major companies have been asked not to exploit the gap left by other countries' trade sanctions on Russia because to do so would be a "terrible look" for NZ.

Fonterra's NZX-listed units are still causing confusion, two years after their introduction.

Aussie billionaire Gina Rinehart is planning a A$500m investment to supply infant formula to a Chinese market forecast to almost double over three years.

The Fonterra Shareholders' Fund should be able to raise its 2015 dividend forecast given it expects to pay farmers less for their milk.

Fonterra Co-operative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout.

Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.

International dairy prices showed signs of stabilising at this morning’s GlobalDairyTrade auction.

New Zealand commodity prices fell for the eighth consecutive month in October, to the lowest level since March last year.

Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.

Bank of New Zealand is watching dairy prices closely but has faith in farmers' ability to manage finances through dips in the commodities cycle, says chief executive Anthony Healy.

The head of Fonterra says the growing Ebola epidemic could cost the company $150 million.

Fonterra said it plans to build two new milk powder driers at its Studholme site in South Canterbury.

A Marlborough farmer wants Fonterra to stop investment spending and cut staff salaries until milk prices improve.

World dairy prices showed signs of levelling off today with the GlobalDairyTrade price index gaining 1.4 per cent at the fortnightly auction.