Major animal welfare issues on Crafar farms, says MAF
"Significant animal welfare issues" have been found among the 20,000 cows on the 22 farms owned by the Crafar family, a MAF inquiry says.
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Crafar Farms put into receivership owing NZ$200m
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Crafar Farms put into receivership
New Zealand's largest family owned dairy business, Crafar Farms, has been put into receivership, Korda Mentha said in a statement.
Biggest commodity price hike in 22 years
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Fonterra says it won't hesitate to take action, "including refusal to collect milk" if deliberate animal mistreatment is proven.
Dairy giant allowed calves to starve to death
New Zealand's biggest privately held dairying operation allowed dozens of calves to slowly dehydrate to death.
Kiwi dollar falls on rumours of Reserve Bank intervention
The NZ dollar drops after rumours of a Reserve Bank intervention and a statement from the US Federal Reserve.
Kiwi dollar falls after Fed statement
The NZ dollar fell away sharply from around 6.30am today, with the decline coming soon after a statement from the US Federal Reserve.