Fonterra has sold its Australian yoghurt and dairy dessert business to Parmalat Australia for an undisclosed sum. The sale includes Fonterra’s manufacturing facilities in the Tamar Valley (near Launceston)...

Creditors have decided to allow Northern Tasmanian dairy company Tamar Valley Dairy (Tamar) to continue trading, despite the Company reportedly owing up to $9 million. Sydney-based accountants Lawler Partners...