A new programme that will look at how more value can be generated from beef carcases has been approved for Government funding.

Trade Minister Tim Groser has welcomed the arrival of over 500 negotiators from 11 countries to Round 15 of Trans-Pacific Partnership (TPP) negotiations, which run from today (December 3) until December 12 in Auckland.

Fonterra is investing $500 million at its Darfield site to meet growing milk production in Canterbury.

Prime Minister John Key has opened Fonterra's new $200 million Darfield site in Christchurch.

Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.

Federated Farmers recommends farmers have contingency plans in place in case the current mild El Nino intensifies, bringing a higher risk of drought, Federated Farmers adverse events spokesperson Katie Milne says.

Fonterra is combining its Australian New Zealand (ANZ) and ASEAN/Middle East/North Africa businesses to form a single Asia Pacific/Middle East/Africa (APMEA) business unit.

The 8600 bales of North Island wool on offer saw a generally strong market with a 95% clearance, New Zealand Wool Services International Ltd's general manager, John Dawson, reports.

Fonterra will an office in Delhi and is appointing Hamish Gowans as general manager for Fonterra in India.

Tariffs imposed by other countries on our products cost New Zealand's 5400 commercial growers on average $44,000 each, an increase of $10,000 on last year.

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