NZX says reaching 200,000 dairy derivative contracts traded across its platform shows the market operator is on track to become the global hub for trading tied to New Zealand’s biggest export commodity. Trading exceeded the trading milestone this month on the NZX Global Dairy Derivatives Market, which was launched in October 2010 to offer risk management for the dairy industry It followed the establishment of Fonterra Cooperative …

Professional director Joan Withers has been named chair of Television New Zealand, replacing Wayne Walden. Withers has been deputy chair of the state-owned broadcaster since 2009 and her previous experience in media companies includes being chief executive of Fairfax Media New Zealand. TVNZ dominates free-to-air broadcasting in New Zealand and its market share rose to 61.6 percent in the first half from …

Fonterra Cooperative Group’s managing director of its Asia Pacific, Middle East and Africa business unit, Pascal De Petrini, has resigned with immediate effect to take up a role with his former company and Fonterra arch competitor, the French food giant Danone, less than 18 months after moving to the world’s largest dairy exporter. De Petrini, who is a member of Fonterra’s management …