Fonterra has today signed an investment agreement with Yutian County, to develop two more large-scale dairy farms in Hebei Province.

Fonterra has today signed an investment agreement with Yutian County, to develop two more large-scale dairy farms in Hebei Province.

AUSTRALIAN FARMERS are welcoming the Federal Government’s decision to introduce a foreign investment register, announced last week by Prime Minister Julia Gillard at the National Farmers Federation national congress.

Increased activity from China and India helped lift some wool sector prices significantly for the 11,700 bales on offer this week, New Zealand Wool Services International Ltd's general manager, John Dawson reports.

Landcorp Farming expects substantial further growth in last year's record dairy production, through the joint venture with Shanghai Pengxin of China and enlargement of established dairy complexes including Wairakei Estate in the central North Island.

DAIRY INDUSTRY leaders are certain about one thing: uncertainty in the global dairy market.

A full cross-section of wool types from the 12,800 bales on offer attracted solid interest with 79% selling, reports New Zealand Wool Services International Ltd's general manager, John Dawson.

Westpac economists are forecasting global dairy and beef prices to rise on the back of drought in the US and elsewhere.

Wool prices were firm to slightly easier overall at the North Island wool sale this week. The NZ Wool Services International Coarse Crossbred market indicator was down 4c to $3.74/kg and the Fine Crossbred market indicator eased by 6c to $4.47/kg.

The South Island offering of 14,157 bales saw a 70% clearance, New Zealand Wool Services International's marketing executive, Paul Steel reports.