Imagine you own a business. Would you be happy selling 46 per cent of your top product to just one buyer? That is how New Zealand sells its milk powder to China.

Westpac has revised up its NZ growth forecast for 2014 to 4.2% and expects the Kiwi dollar to remain high against the US and Aussie dollars.

Australian supermarkets are dropping New Zealand-made products even if an alternative cannot be sourced locally, producers say, as concerns increase about whether the patriotic shut-out on foreign goods could expand to more product lines.

NZ Trade Ministry spokesman says access for agricultural products to customs union is key sticking point.

Ports of Auckland has notched up its best two months and an analyst says it has seized container volume share back from Port of Tauranga.

Govt defends decision to award $8m ferry contract to a Bangladesh firm

Herald business editor Liam Dann says the new Fonterra recall needs to be kept in perspective - but the world is watching the dairy giant much more closely now.

The export of logs to China is driving an increase in the value of NZ's forestry products - now worth more than $4.5 billion a year.

New Zealand's iron sand exports could soar to almost 10 million tonnes a year by 2016, as Australia's BlueScope Steel adds shipping capacity at its Taharoa site and Trans-Tasman Resources remains hopeful of approval for its offshore mining venture.

New Zealand reported its first trade surplus for the month of November in 22 years as rising dairy exports into China made it the country's biggest trading partner.

Unemployment is tipped to fall and wages rise as consumer confidence hits a four-year high.

British shoppers have noticed that their favourite Anchor butter tastes different - with the explanation being it's no longer from New Zealand.

Federated Farmers says a report on Fonterra's botulism scare has highlighted the need for a stronger food safety regime.

We must first conquer our island syndrome and pull together if we are ever to win the world from the edge, writes Kevin Roberts.

International dairy product prices are pushing sharply higher, driven by strong demand from China.

World prices for a basket of New Zealand's export commodities eased last month but a softer exchange rate more than compensated for the decline.

Surging dairy prices have pushed the terms of trade to a 40-year high.

Higher dairy export prices have driven New Zealand's terms of trade to their highest point since 1973, Statistics NZ says.