NZ researchers appear to be gearing up for a new bid to win over consumers before the first applications for release of GE pasture species.

Fonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but isn't going to pass on this increase to its farmers.

A free trade deal with the highly protected Indian economy could mean big things for New Zealand agriculture exporters.

Fonterra has raised about $270 million from its farmer shareholders.

Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.

First it was baby formula - now it appears NZ-sourced Fonterra milk powder is also being sold online in China.

NZ supermarkets are rationing baby formula because of fears of a shortage caused by Chinese buyers selling it in bulk to parents back in their homeland.

The Government is keeping close watch on the "big dry" in many regions and will consider drought assistance if conditions worsen, Agriculture Minister David Carter says.

The science going on at AgResearch's new farm at Tokanui may help New Zealand's dairy farms run in a more sustainable fashion.

Fonterra says it has completed the acquisition of a Saudi Arabian milk company.

Fonterra is in talks to buy out its partner in the Saudi Arabian milk and cheese market, Saudi New Zealand Milk Products.

Half of Fonterra's farmers are expected to buy the additional shares being offered by from today, says Federated Farmers.

Milk powder prices on Fonterra's online trading auction have continued their upwards march.

Amnesty International is calling on Fonterra and the Government to condemn the executions of two people involved in the San Lu tainted milk powder scandal.