Fonterra's Australian business has played a key role in the company's stunning profit turnaround.
Fonterra has posted a profit for the first time in two years despite the impact of the COVID-19 crisis.
Australia's largest dairy show International Dairy Week is the latest event to be cancelled due to COVID-19.
Australian milk production is forecast to grow this season following a big turnaround in the latter part of last season.
Global dairy prices stabilised at auction on Tuesday night but pundits warn the market is still dogged by uncertainty.
Executives from two of Australia's biggest dairy processors have warned that the COVID-19 pandemic is disrupting markets in ways not seen before.
Dairy processors must include a statement justifying the minimum prices offered in new milk supply agreements required under the new mandatory Dairy Code of Conduct.
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