The Overseas Investment Office needs more resources, but a reform of legislation is not on the cards because of lack of political support, Prime Minister John Key says.

Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.

Chinese business investors are looking for fair play and a consistent message from the Government, business and the community, says ambassador to New Zealand, Wang Lutong.

NZ is an emerging leader in the provision of ag technology — providing for countries that increasingly need to feed growing populations, Primary Industry Minister Nathan Guy told a conference in Beijing yesterday.

In the short time Silver Fern Farms (SFF) has so far spent with its soon-to-be joint partner Shanghai Maling, the Chinese firm has begun ordering product made and packaged in NZ for sending shelf-ready to China.

The humble hotpot has been the catalyst for phenomenal growth of the red meat market in China, Silver Fern Farms (SFF) chief executive Dean Hamilton says.

Fonterra has welcomed the formal approval by the shareholders of Beingmate Baby and Child Food Company Ltd to establish a joint venture to purchase the cooperative's Darnum plant in Australia.

Winston Peters has been at it again, hiding behind the cloak of Parliamentary privilege to deliver another conspiracy-riddled attack, this time on the directors and farmer shareholders of Silver Fern Farms.

On-shelf dairy prices for consumers in China are too high so demand is not growing, says Fonterra's chief executive Theo Spierings.

Fonterra says milk collection this season will be down 5% compared to last year.