Carlene Dowie

Volatility in global dairy markets is easing as the industry undergoes structural change, according to a New Zealand dairy analyst.

The Australian Competition and Consumer Commission is seeking members for its new dairy consultative committee.

Saputo has stepped up its southern milk price to $6.95 a kilogram milk solids.

Australian milk production continues to fall, according to the latest figures from Dairy Australia.

Former Murray Goulburn chief executive officer Gary Helou and chief financial officer Brad Hingle have failed in their bid to have a case against them by ASIC thrown out.

Global dairy commodity prices held steady at auction on Tuesday night.

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.

China still looms large on the radar of several specialist Australian dairy manufacturers, despite its tightening economy.