Terms of trade run hot
Surging dairy prices have pushed the terms of trade to a 40-year high.
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.
The 2013-14 export lamb kill will be the lowest in 50 years because of last summer's drought, but better prices should compensate for the lost volume.
The loosening of China's one-child policy is expected to provide a boost for New Zealand infant formula exporters.
New Zealand and Australian employees of infant formula manufacturer Nutricia could be the latest victims of Fonterra's botulism botch-up.
Meat and green-lipped mussels had PM John Key back in more comfortable territory on a trade trip in Bangkok, after days of scrutiny of his reaction to Sri Lanka's human rights.
Prices of dairy products fell in the second straight GlobalDairyTrade auction overnight.
Push for higher volumes compromising our greatest export, write Gareth Morgan and Geoff Simmons. "The future of NZ's dairy industry should lie in quality, not quantity."
Fonterra's botulism scandal was one of the "greatest gifts" the company could have given to the Chinese Government, according to a visiting foreign correspondent.
French food giant Danone says it will lose more than half a billion dollars in sales in the current financial year as a result of Fonterra's botulism false alarm.
An infant formula exporter has slammed the service a taxpayer-funded business support centre in Shanghai provided to a delegation of New Zealand companies.