Listed Canterbury milk processor Synlait is heading towards its first financial loss ever, but is telling its farmer suppliers not to worry.

Dairy Milk flow strength is a result of welcome rainfall in the middle of March, in combination with weak production comparables for last year.

The livestock trading industry in New Zealand is stronger than ever thanks to the innovation and resilience which came to the fore during the pandemic, according to an industry veteran.

Rabobank reports that the future global outlook is clearer and more hopeful than it has been for months.

Carpet maker Cavalier Corporation says its revised strategy to trade in only woolen carpets is paying dividends.

Fonterra has lifted its forecast farmgate milk price, hot on the heels of a huge leap in global dairy prices.

The demand for Wiltshire sheep is “incredible and unbelievable”, according to the country’s major breeder of the sheep that sheds its wool.

NZ agriculture is set for what looks likely to be a generally profitable season in 2020/21, with most sectors seeing average to above-average pricing, manageable cost inflation, and production holding up well.

RaboResearch senior analyst Emma Higgins says resilient Chinese demand is helping dairy prices remain high.

OPINION: Earlier in 2020, we found the primary sector in an optimistic mood, as the NZ economy turned to our food producers to see us through an uncertain time.