Supply chains throughout the world are under pressure but Fonterra is making its logistics well, says chief operating officer Fraser Whineray.

Fonterra is enjoying solid returns from its China business as the country pushes the benefits of dairy during the Covid pandemic.

OPINION: The Hound was gobsmacked to learn that the NZ media's love affair with 'our' Jacinda took another great leap forward - or more correctly backwards - during the recent visit of Australian PM Scott Morrison.

Despite the disruption of the Covid-19 pandemic, revenue from New Zealand's primary exports in the past season only dropped by 1% and is predicted to quickly pick up and reach a record high of $49.6 billion in the next 12 months.

In a somewhat ironic twist, the global Covid pandemic is helping to drive demand for New Zealand kiwifruit.

Rabobank has joined the group of milk processors and banks forecasting a milk price of $8-plus for the new season.

Revenue from primary exports is predicted to reach a record high of $49.6 billion in the next 12 months - all being equal.

OPINION: Your old mate reckons Fonterra and its dairy farmer shareholders may well be all cock-a-hoop about the prospects of a near $8 payout this year and one north of $8 next year.

Dairy Global dairy spot markets, for the most part, have been stuck in neutral through May.

New Zealand red meat exports remained steady in April with a total of $863 million worth of meat and co-products exported to global markets.