Reduced short-term demand from China is impacting farmgate milk price, says Fonterra.

Fonterra has made a bumper third quarter profit on the back of soaring cheese and protein prices.

Dairy

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.

The once-lucrative Chinese infant formula market is shrinking.

NZ Avocado Growers Association chief executive Jen Scoular will step down in August after serving 12 years in the role.

The Executive Director of Dairy Companies Association of New Zealand (DCANZ), Kimberly Crewther has described the NZ/UK free trade deal (FTA) as a milestone for the industry.

Total exports of apples from the port of Napier in March 2023 were valued at $61 million, 2% up from March last year, according to data released by Stats NZ.

Rabobank's latest Rural Confidence survey has found that while farmers' sentiments are still in deeply negative territory, they have crept up from historic lows in late 2022.

The benchmark index of international food commodity prices rose in April for the first time in a year, amid increases in world quotations for sugar, meat and rice, according to the Food and Agriculture Organization of the United Nations (FAO).