While Fonterra seems to be putting a brave and optimistic face on the economic headwinds facing the dairy industry, the cooperative's optimism and the bare facts don't seem to align.

European dairy cooperative Arla Foods is receiving more milk from farmers than ever before.

The New Zealand dairy industry is not latching on to increased demand in Asia for liquid milk.

Expect the volatility in the international dairy market to be around for some time.

Banks have cut their farmgate milk price forecast after another drop in the GDT price index last week, albeit minor at an overall 1.4%.

We know how our two countries compare on the rugby field but how do they compare in the competitive business of international wine marketing?

Record revenue was made in the last quarter, despite the NZD depreciation and average per tonne values being down.

Internationally, trade in illegal pesticides has exploded.

News that the TPP is to be signed here early next month will no doubt fire up outrage, ridiculous claims and pontificating by the usual array of serial protestors, desperate politicians and other economic Luddites.

Fonterra's revamp of its struggling Australian business continues with the impending sale of yoghurt and dairy desserts range.