Prices fetched by New Zealand's primary produce are facing clear downward pressure as economic conditions deteriorate offshore.

While the numbers in the SOPI report look good and there are positive signs, there are also some headwinds.

The Meat Industry Association (MIA) says it is closely monitoring the economic situation in New Zealand’s major export meat market, China.

Cows on farms could soon have their health, reproductive readiness and location monitored by smart technology powered by the kinetic energy of the animal’s movements.

Fertiliser co-operative Ravensdown is trialling a new source of phosphate rock from Australia.

The dairy sector has once again come to the rescue of New Zealand Inc by earning a record $22 billion for the year ended June 2022 and is set to earn an additional billion dollars in a year's time.

The absence of Chinese demand for dairy continues to impact global prices.

Fonterra last week lifted its earning guidance for this season but narrowed its forecast farmgate milk price due to softening whole milk powder prices.

In a recent report, agribusiness banking specialist Rabobank notes that Chile is by far the largest exporter of cherries in the Southern Hemisphere – accounting for 96% of total exports last season.

Kia ora tatou, As we re-engage with our global audiences, sharing a clear and memorable New Zealand brand story about what makes us truly unique has been an exciting development.