The GDT-TWI Price Index falls 2.1% compared to the last sale two weeks ago in only the second decline this year.

In the North Island, where drought was declared in most regions, collection fell 5.2%, while in the South Island it rose 8.2%.

The GDT-TWI Price Index falls 7.3% compared to the last sale two weeks ago, the first decline this year. 

Dairy giant wants to remove "layers of management" at its New Zealand corporate offices.

He replaces Ralph Waters, who stayed on to help bed in the changes from the Trading Among Farmers regime.