Fonterra is heading for a bigger financial disaster over its shaky investment in Chinese company Beingmate, says Chinese dairy expert Jane Li.

New Zealand expertise in designing and manufacturing dairy goat rotary platforms is in demand in China. 

Deer Industry New Zealand (DINZ) says strong sales of sire stags are being reported throughout the country.

An English businessman who criticised New Zealand’s dirty rivers has been invited to come here for a swim.

Fonterra’s shaky investment in Chinese food company Beingmate is heading for more trouble.

Fonterra is entering the fresh milk market in China.

South Island dairy goat farmers still have no large-scale market for goat milk some 18 months after a Chinese-backed processing plant began to be built -- with some fanfare – at Ashburton.

A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

While Fonterra’s first quarter revenue is up 4% on the same period last year, sales volumes are down 20% to 3.9 billion liquid milk equivalent (LME).

Fonterra has dropped its forecast milk payout for this season by 35c to $6.40/kgMS.