Global food prices rose at their fastest monthly rate in more than a decade in May, the Food and Agriculture Organization of the United Nations (FAO) has reported.

New Zealand's strong wool sector is in the doldrums, with record low prices and little hope on the horizon.

Fonterra is sticking to normalised earnings guidance of 25-35 cents per share for this year.

Fonterra farmers will start the new season with strong cashflow, thanks to an opening forecast with a record midpoint of $8/kgMS.

International Sauvignon Blanc Day on 7 May saw 35 lifestyle social media influencers around the world invited to "Pour yourself a glass of New Zealand".

Good news for Fonterra farmers: the co-operative has announced an opening forecast farmgate milk price range for the 2021-22 season of $7.25 - $8.75/kgMS, with a midpoint of $8/kgMS.

ASB has lifted its 2021-22 forecast farmgate milk price by 70c to $8.20/kgMS.

Dairy Milk supply volumes boosted almost 10% in March 2021 YOY.

Next month, New Zealand kiwifruit growers will get a chance to say yes or no to a Zespri proposal for one-year trial to grow SunGold kiwifruit in China.

Embattled Canterbury milk processor Synlait has taken another hit, with key customer and shareholder a2 Milk issuing its fourth earnings downgrade.