Lamb wool has been the ‘rock star’ this season, with values about $1 above last year, according to Wool Services International’s Malcolm Ching.

Despite last week’s drop in this season’s expected milk payout by both Fonterra and Westland there are positive – albeit slow – signs about the future outlook for dairy prices.

The latest wool auction of 4,700 bales from the North Island saw mixed price movements with a generally steady market overall.

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, says Statistics New Zealand.

The China-led story about growth in dairy demand is likely over, says Hayley Moynihan, Rabobank’s dairy research director for NZ and Asia. 

Fonterra has announced changes to the roles and responsibilities of two members of the Fonterra Management Team.

Low dairy prices will benefit the New Zealand dairy industry in the long term, says a Lincoln University official.

Milk payout will improve next season, but cashflow will remain tight on farms, say market analysts.

America's love affair with hamburgers has resulted in a bumper year for New Zealand beef farmers, says Beef + Lamb NZ (BLNZ).

The world tractor market for 2014 is estimated to be about 2.1 million units, which showed a slight decline and high regional variation.