The world's largest dairy company, Nestle is spending $23 million to boost its ice cream business in China.

Australian farm production is expected to top A$53 billion this year.

The Ministry for Primary Industries annual ‘Situation and Outlook Report for Primary Industries’ (SOPI) forecasts the farmgate milk price for the 2015-16 season to be $5.62/kgMS – slightly higher than Fonterra’s $5.25.

Either President Barack Obama gets legislation through US Congress for the Trans Pacific Partnership (TPP) to proceed or the trade agreement is all but finished, says NZ International Business Forum executive director Stephen Jacobi.

Milk prices were down again in international markets last week but the New Zealand dollar’s drop means prices are up in our money.

Synlait Milk is pairing up with US company, Munchkin Inc. in a deal that aims to increase premium earning milk supply opportunities.

Is there a “seismic” shift in food choices and a demand for healthy, chemical free choices with transparency about where the food is sourced?

Despite the gloom that hangs over the dairy industry at present, the Ministry for Primary Industries is predicting a much brighter future for the primary sector in four years.

Fonterra is set to cut hundreds of jobs from head office as it undergoes a major review of operations. 

GrainCorp Feeds, formerly BLM Feeds, will officially unveil its new-look at this year’s National Fieldays at Mystery Creek in Hamilton.