The New Zealand wine industry is on a stronger footing to deal with the rebound in supply now that the country's wines are well established in key markets around the world, says Rabobank.

The official cash rate (OCR) has been left unchanged at 2.5%.

Fonterra is lowering its 2013 earnings before interests and taxes (EBIT), blaming the drought and its struggling Australian business.

The importance of people, and the knowledge they hold, to New Zealand's agricultural success has been highlighted in a new award for the Lincoln University Foundation's South Island Farmer of the Year competition.

Continuing a recent trend, a new farm and business confidence survey shows farmers are optimistic about their prospects.

With New Zealand's main-shear approaching, the NZ Shearing Contractors Association is backing moves to cut the woolshed contamination of wool in the hopes it could boost farmgate returns by "a couple of million dollars each year".

The seasonally adjusted value of exported goods fell 4.7 percent to $11.0 billion in the June 2013 quarter, Statistics New Zealand said today.

South Canterbury milk processor Synlait Milk's shares jumped 58c shortly after its launch on the NZ Stock Exchange today.

Waikato milk processor Tatua has whipped its Dairy Whip product to new heights, literally - by transforming one of their 12 metre high silos into a can of Tatua Dairy Whip.

Entries for the 2014 Ballance Farm Environment Awards open next month.

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