Sheep meat price drops 10%
Sheep meat prices have fallen by about 10 per cent over the past two months, driven by a drop in demand in China and difficult conditions in another important export market - Britain.
Sheep meat prices have fallen by about 10 per cent over the past two months, driven by a drop in demand in China and difficult conditions in another important export market - Britain.
New Zealand dairy farmers are looking down the barrel of a low payout this season, and possibly next season, but Trade Minister Tim Groser says the sector can tough it out.
The Government says sharks should benefit from a proposed ban on wire traces and shark lines in two commercial fisheries.
Supplier-shareholders in Australia's biggest dairy co-operative, Murray Goulburn, will decide next month whether to adopt a Fonterra-style capital structure that would involve raising about A$500....
Dairy farm bank balances will be heading into the red this winter and spring, producing some short-term but significant cashflow management challenges.
The rural property market has remained remarkably resilient in the face of lower farm-gate prices and dry summer conditions, with prices - by some measures - returning to pre-global financial crisis....
International dairy prices look likely to head lower at this week's GlobalDairyTrade auction, according to futures market pricing.
Parts of the South Island have experienced sporadic bursts of rain in recent weeks but Marlborough and Canterbury are still waiting for the big drought breaker.
Fonterra says its milk collection in New Zealand for the 10 months to March 31 reached 1431 million kg of milk solids - 1 per cent higher than for the same period last season.
In the lobby of Ireland's Agriculture Department in Dublin, a flat-screen TV displays a digital clock counting down the seconds until April 1.
The first shipment of New Zealand kiwifruit set off from the Port of Tauranga yesterday, marking the start of a season that looks set to see volumes bounce back to pre-Psa levels, says Zespri chief....
Consumer-driven food trends are nothing new. "Organics", gluten-free and others have all captured consumers, encouraging supermarkets around the globe to respond.
When news broke of the 1080 baby formula threats, there was an immediate financial market reaction.
A report into New Zealand's meat industry has come out heavily in favour of a single co-operative business model similar to Fonterra's to deal with decades-old issues of overcapacity and too much....
Market sentiment at tomorrow's GlobalDairyTrade auction will be tested following the revelations last week of a threat to the food safety of New Zealand infant formula, says ANZ.
Fallout from this week's baby formula contamination threat weighed heavily on the New Zealand dollar yesterday, with news of curtailed orders from China driving the currency lower still.
The Government was right to say nothing until discreet inquiries had failed and there is a chance a public appeal might help police catch him. The interval appears to have permitted the industry to be well prepared.
Dairy prices firmed at the latest GlobalDairyTrade auction, backing expectations that Fonterra will meet its $4.70 a kg farmgate milk price this season, but concerns remain about muted demand from....
Growing global market opportunities and the need to strengthen supply chains are creating a thirst for capital among agricultural co-operatives around the world, rural lending specialist Rabobank said.
New Zealand farm investment company MyFarm, which up until now has specialised in the pastoral sector, has weighed into kiwifruit with the launch of a $5 million orchard syndicate.
A probe into how three banks marketed interest rate swaps to farmers will see up to $24.2 million go back to rural customers and their communities, with Westpac following ANZ and ASB and settling with the Commerce Commission.
A foreign official at an international conference sparked a police callout to an Auckland Hotel, but no details are being made public.
Lindsay Carruthers doesn't use a rain gauge when it comes to measuring rainfall on his Middlemarch farm.
Economic reform in China, one of New Zealand's largest trading partners accounting for 22 per cent of exports, is a lower priority than trying to save the Communist Party, according to Wall Street....
Local apple production looks set to drop by 6 per cent this year because of a cool start to spring, but a warm summer has improved the crop's quality, says Pipfruit New Zealand.
New Zealand's agritechnology exports, worth $1.2 billion annually, look to be on a roll despite historically underperforming compared with key competitors.
This will be the year in which New Zealand dairy farmers, companies, investors and their bankers will find themselves consumed by a crucial question - is the White Gold Rush finally over or will....
Kiwifruit marketer Zespri faces a positive outlook this year but there are headwinds - the New Zealand dollar's strength against the currencies of its two biggest export destinations, Japan and....
Canterbury is on the verge of a 20th century-style drought with the southern region the driest it has been in a decade, forcing farmers to sell surplus stock and leading to restrictions on irrigation....