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Santa delivers farmers the perfect weather present

Summer rains and normal soil moisture levels set up the season for a great rural result; drought index low

Fonterra sees more milk coming

Post peak milk season faces ideal pasture conditions nationwide; milk flows high

Westpac tips $8.30 milk price

Hike in forecast comes due to world milk prices that 'continue to defy gravity'

Terms of trade rise again

Prices up strongly, but drought volumes hold back big export gains in latest trade price data

Fonterra's $3 bln economic lift

Fonterra lifts forecast milk price by another 30c to $7.80 for 2013-14 season and a total payout of $8.12 to farmers

Fonterra lifts milk forecast to NZ$7.50

Fonterra lifts milk price forecast for 2013-14 by NZ50c to NZ$7.50; estimated dividend NZ32c per share

Dairy farmers welcome some good news at last

Dairy farmers relieved at Fonterra 2013/14 forecast, but warn the drought problems from this season linger

Lowest since 2008

March milk production fell sharply as the drought bit harder

Drought weighs on milk curve

Fonterra milk production slips below last years totals with one month to go

‘Drought breaking rain’ misses those most needing it

Cities cop 'biblical rain' but large areas of prime farmland remain very dry, many 'first in' farmers very nervous