Fonterra is spending $150 million on two new cream cheese plants to meet growing demand in Asia.

Auckland company Texus Fibre is preparing to tap into the multi billion-dollar global market for facemasks — and NZ woolgrowers are likely to benefit from the deal.

Alliance Group’s Pure South premium lamb and beef products have starred in the final of a top Asian TV network cookery competition.

While demand from China and ASEAN countries for New Zealand milk continues to grow, export margins have been squeezed and could potentially tighten further, according to a recently-released industry report.

China, the broader Asian region and the Indian subcontinent hold untapped opportunities for the red meat sector, say Meat Industry Association chief executive Tim Ritchie.

The New Zealand dairy industry is not latching on to increased demand in Asia for liquid milk.

Fonterra will focus on 'tier three' and 'four' cities in its bid to double sales in China in the next five years to $10 billion per annum, chief executive says.

A one litre cream product sold to kitchens, restaurants and bakeries all through Asia and China is a real growth market, says Fonterra's operations manager Canpac, Russell Muir.

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

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