OPINION: Amidst the coronavirus upheaval, one thing is certain – agriculture will see the NZ economy through.

Global dairy prices fell for the fourth consecutive time at the Global Dairy Trade auction last week.

The Forest Owners Association (FOA) says it’s working closely with the Government on its $28m relief package for Gisborne forestry workers.

South Canterbury milk processor Oceania Dairy Ltd is issuing measures to keep staff well and the factory running in the face of rising demand from China.

Independent milk processor Synlait says Covid-19 has so far had no impact on its financial performance, however the processor remains greatly concerned.

Tairāwhiti’s wood processing sector will receive funding through the Provincial Growth Fund (PGF) to support the local economy amid the Covid-19 pandemic.

Westland Milk Products says Covid-19 is causing “minimal disruption” to its supply chains, with the company working to meet rising demand from China.

Fonterra’s first half results show a turnaround in financial performance, with increased underlying earnings and reduced debt.

Global dairy prices have slumped for the fourth consecutive time in 2020 and coronavirus (Covid-19) is to blame.

Covid-19 is forecast to strip more than $1.3 billion dollars off New Zealand’s primary exports in the coming year, including $390 million off dairy exports.