One of New Zealand's biggest banks has given a scathing assessment of Fonterra's financial performance and new strategic direction.
Australia is still a vital part of Fonterra's global operations, despite the company's new New Zealand centric strategic direction, according to Fonterra Australia managing director René Dedoncker.
UPDATED: Fonterra will start exiting milk pools outside of New Zealand - but not Australia - in the wake of big losses in the past two years.
The global dairy market looks set to remain firm through to mid-2020, according to Rabobank's latest global Dairy Quarterly report.
China still looms large on the radar of several specialist Australian dairy manufacturers, despite its tightening economy.
Taking account of the warming effect of different greenhouse gases - not their carbon emissions - would change the way methane was treated in emissions reductions targets.
Global dairy prices rose on Tuesday night, despite the escalating US-China trade war and slowing economic growth.
UPDATED: Bellamy's Australia has entered into a $1.5 billion takeover scheme with the China Mengniu Dairy Company.