From its formation in 1961 until 2001 the New Zealand Dairy Board (NZDB) was the statutory board in control of the export all New Zealand dairy products. It operated through a global network of marketing subsidiaries, based in the countries where New Zealand dairy products are sold.

In 2001, the Dairy Board was merged with the two largest New Zealand dairy cooperatives (which represented 95% of the industry) to form Fonterra

Fonterra

Fonterra Co-operative Group Limited is a New Zealand multinational dairy co-operative owned by almost 10,500 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ$19.87 billion, is New Zealand's largest company.- History :In...

.