Midday Report for Thursday 12 May 2011

12:35 PM.News from the rural and farming sectors. Audio

12:26 PM.The New Zealand cricket players association says it's not opposed to the introduction of sting operations, to stamp out corruption in the sport but says there'd need to be strict controls around them.

12:17 PM.The manufacturing sector continues to expand, a US hedge fund billionaire is found guilty of insider trading and the sharemarket slips. Audio

12:00 PM.Fonterra has announced it is in the final stages of buying land for a large dairy farm in Brazil. The dairy-co-operative says it is looking offshore to ensure future global demand is met. Audio