Fonterra has announced a 50-million dollar share buyback.
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Chairman Peter McBride says the prevailing price has been undervaluing Fonterra shares, particularly since late April.

Meanwhile, dairy prices have risen 1.5 percent in this morning’s first Global Dairy Trade auction of the new season.

Skim milk is up three percent, while whole milk powder is down 0.3 percent.

As one generation of dairy farmers see retirement on the horizon, who are the next generation farmers taking over the responsibility of feeding the world?

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