Fonterra chief executive Theo Spierings says the long term fundamentals for global dairy remain positive.

Fonterra's new-season forecast farmgate milk price is "conservative" but the co-op expects the market to rebalance within 6-12 months, says Fonterra chairman John Wilson.

The dairy industry is not cashing in on global demand for organic milk products.

Meantime, the Hound would never insinuate that Mr McCarthy is a racist or a xenophobe.

The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction compared to the last North Island auction on May 12, says chief executive John Dawson.

Fonterra has announced an opening forecast farmgate milk price of $4.25/kgMS for the 2016/17 season, an increase of 35 cents on the forecast for the current season.

Gold kiwifruit has transformed the industry in the last 15 years, says Zespri chief operating officer Simon Limmer.

Three or four years ago Zespri found the business environment in China challenging.

People say China will be self-sufficient in milk soon, says ASB general manager rural Mark Heer.

Entrepreneur Diane Foreman says she does not oppose the selling of dairy farms to Chinese buyers, provided the money is reinvested back into NZ business.