A one litre cream product sold to kitchens, restaurants and bakeries all through Asia and China is a real growth market, says Fonterra's operations manager Canpac, Russell Muir.

New Zealand Wool Services International's chief executive John Dawson says a slightly easier NZ dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.

Federated Farmers says this morning's Global Dairy Trade auction, which delivered a third straight drop in the price index, was disappointing but not unexpected.

Fonterra's return on capital sits at the bottom end of the range of returns of other global dairy co-ops, says the Shareholders Council.

Fonterra will sell its 50% interest in DairiConcepts, the co-op's US joint venture with Dairy Farmers of America (DFA).

A Waikato farm that bought a prototype 'fibreglass' rotary milking platform in 2010 says the plant has performed to promise and is still "like new".

Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.

It's been another bad morning for the dairy industry.

NZ is an emerging leader in the provision of ag technology — providing for countries that increasingly need to feed growing populations, Primary Industry Minister Nathan Guy told a conference in Beijing yesterday.

Fonterra has welcomed the formal approval by the shareholders of Beingmate Baby and Child Food Company Ltd to establish a joint venture to purchase the cooperative's Darnum plant in Australia.

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