Fertiliser co-operative Ballance Agri-Nutrients has wiped $51 million in value from its inventory, to move closer to global market prices ahead of spring.

Cash-strapped farmers are getting relief through a major drop in the price of key farm input - fertiliser.

Recently released data from the Real Estate Institute of New Zealand (REINZ) shows there were 224 fewer farm sales (-48.6%) for the three months ended April 2023, compared to the same period last year.

A shrinking milk pool in Australia is forcing major processors, including Fonterra, to outbid each other and secure farmer suppliers for the new season.

Dairy

A drop in sales is forcing fertiliser co-operative Ravensdown to review its organisational structure and staffing level.

OPINION: As the Galloway Express left Port Taranaki last month with cattle for China, it marked the end of livestock export.

Recently released data from the Real Estate Institute of New Zealand (REINZ) shows rural land buyers are taking a cautious approach to purchases.

China's reopening and changes in Chinese consumer behaviour is expected to provide business opportunities for beef exporters but also generate volatility in global markets.

Dairy Commodity markets start the new year on softer ground and with a weaker tone to linger into New Zealand’s new season. Commodity prices have been losing momentum since the midpoint of 2022.