The Commerce Commission has updated the framework for the annual base milk price, to conduct two separate reviews each dairy season, instead of one.

The regime ensures Fonterra pays enough for farmers' milk - but not so high it discourages new processors entering the market.

>> More Rural News

Other Rural News

26 Aug: A new development, in the sale of Fonterra's consumer arm

23 Aug: Fonterra farmers are being tight-lipped on how they feel about selling its largest brands - including Anchor and Mainland

22 Aug: The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant

21 Aug: The uncertainty isn't over for dairy farmers

12 Aug: Could iconic Kiwi dairy brands like Anchor and Mainland soon be under French ownership?

06 Aug: Dairy prices have risen 0.7 percent at the latest Global Dairy Trade auction overnight

25 Jul: Nicola Willis insists her talks with Fonterra about butter prices have been productive

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Today's News

Netball:
The Silver Ferns have opted for a four-player leadership group for their upcoming international netball series against South Africa 18:07

Entertainment:
Mark Hamill thinks self-confidence is key to success in Hollywood 18:01

Accident and Emergency:
Police are seeking more information from locals after a man was discovered with unexplained injuries on a country road in Queenstown 17:47

Entertainment:
Jude Law has likened acting to "playing a sport" 17:31

Politics:
The Prime Minister says he's seeking advice on an inquiry into the response to Tom Phillips 17:27

Entertainment:
Jennifer Lopez spent "weeks" preparing to play Evita - before Madonna landed the part 17:01

Rugby League:
Captain Pat Carrigan has revealed a conversation with Reece Walsh in the sin-bin helped spur Brisbane to their come-from-behind NRL playoff win over the Raiders in Canberra 16:57

International:
NFL week two: Dallas Cowboys win thriller, Steelers botch kick-off, Travis Kelce drops 16:37

Entertainment:
Hoda Kotb is using her 60s to "begin again" 16:31

Auckland:
A person's died following a car and truck crash in Auckland's Mt Wellington this morning 16:17

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