New Zealand exporters need not panic about Britain's decision to leave the European Union, says Trade Minister Todd McClay, once a senior bureaucrat in the EU.

Lincoln University has been named by Science and Innovation Minister Steven Joyce as one of three successful applicants to host a NZ-China Research Collaboration Centre.

Fonterra is set to lose two more executives.

The Ministry for Primary Industries predicts the dairy industry will take four more years before it equals the record $17.7 billion it earned in exports in 2014.

The strong dollar, restricted off-shore interest and high volumes of one wool category on offer this week saw local prices ease.

Bigger is not always better, but it seems that in business the size of the prize sometimes obscures the cost of pursuit.

The author of the MPI Situation and Outlook report says that while some of it could be construed as less than satisfactory, the primary industries overall have a "phenomenal opportunity".

If the Brexit goes ahead New Zealand could lose its best ally in its struggle against European agricultural protectionism, says an agronomics expert.

Australian National milk production could drop as much as 5% next season, taking the national output to levels not seen since the drought.

Fonterra has announced a new senior leadership team and business unit structure.