THE OPERATOR OF New Zealand's first independent product development spray dryer says interest is high among dairy industry players.

An after-tax profit of $1.08 million for the six months to December 31, 2011, is ahead of budget, says New Zealand Wool Services International Ltd (WSI).

The rising New Zealand dollar being toyed with on the international currency market is driving local wool values down, says New Zealand Wool Services International Ltd's general manager, John Dawson.

A daily dose of skimmed milk, enriched with two value-add ingredients naturally found in dairy products, may reduce the frequency and intensity of gout flares

CHINA COULD have sued New Zealand for breach of its Free Trade Agreement if Pengxin’s application to buy the Crafar farms was declined, says a legal academic.

Wool prices are under pressure as large volumes of New Zealand wool comes on to the markets during January to March, says Cedric Bayly, general manager of PGG Wrightson Wool.

The Euro zone crisis, New Zealand dollar and Chinese New Year have been hitting wool prices, which before last week’s auctions had dropped about 12% since October.

The media response to sheep shearing's potential as a Commonwealth Games demonstration sport, if not the Olympics, has gone international.

Fonterra has broken its record for the highest export month with 246,000 tonnes of dairy products loaded on ships during December. The shipments boosted New Zealand's economy by $1.3 billion for the month.

Wool prices fell again this week with the New Zealand dollar up 4.45% against the main currencies since the last sale on December 21, says Wool Services International.