Farmers and processors are close to sealing a deal for a code of conduct on milk price contracts, with all but fresh milk giant Lion having indicated they are prepared to sign.
The Federal Government says it has heard the concerns of struggling farmers, and will move to make it easier and faster to access income support payments.
Former Murray Goulburn boss Gary Helou, in his first public comments since the dairy crisis, has defended the actions the processor made before cutting farm milk prices.
Canadian dairy giant Saputo, which secured 88 per cent of Warrnambool Cheese and Butter in 2014, wants to extend its ownership of Australia's oldest dairy processor.
The Australian Competition and Consumer Commission is set to hear from dairy farmers about a range of issues contributing to the poor state of the industry, including dollar-a-litre milk.
A group of Queensland and New South Wales dairy farmers fear they could lose up to $3 million if a major milk processor drops the price it pays to farmers.