Fonterra Fund shares have dropped by 62 cents in early trading as markets digest the impact of the contamination scare on our biggest exporter.

Worried parents are flooding an infant formula company's hotline, amid revelations almost 68,000 cans of formula could be tainted with a botulism-causing bacterium.

Worried parents have criticised authorities over misinformation about Karicare formula.

Russia has made one of the most extreme responses to Fonterra's contamination scare so far, banning all goods made by the NZ dairy giant, according to media reports.

Fonterra has lifted its forecast milk payout to farmers by 50 cents in the 2014 season.

New Zealand's lucrative reputation for high-quality dairy produce continues to get a battering from the Chinese media.

Synlait Milk shares debuted at $2.62 and went on to trade in a $2.61 to $2.90 range before closing at $2.74.

Anchor says its light-proof milk bottles have been fully integrated into the country's recycling system.

China's so-called "economic miracle" has hit some speed wobbles, but a top NZ economist says this country should be insulated from any direct impact.

Federated Farmers says news that FrieslandCampina of the Netherlands had taken a 7.5% stake in Canterbury's Synlait Milk could herald a shakeup for the NZ dairy industry.

Fonterra has confirmed about 300 jobs from its head office in Auckland would go after a review of its support services, saving the company $65 million a year.

The Auditor-General is to investigate a flagship Government project which involves millions in subsidies being paid to some of New Zealand's biggest primary sector businesses.

Entrepreneurs face many challenges along the road to success, but being accused of running a methamphetamine lab usually isn't one of them.

Fonterra chief Theo Spierings wants Government buy-in on a national strategy, reports Fran O'Sullivan.

Infant formula is clearly where the action is on the international dairy markets.

The Government has announced a plan aimed at strengthening and protecting the country's 'food assurance systems' to match rapid growth in infant formula exports.

Full marks to Synlait bosses Graham Milne and John Penno for hanging tough in the post-global financial crisis environment and going offshore.