A surprise dip in global dairy prices last week won't affect a record milk price locked in for this season, says ASB economist Nat Keall.

Fonterra remains on track to return $1 billion to farmer shareholders and unit holders in the 2024 financial year.

Manufacturing options and scale are allowing Fonterra to maximise returns for farmers' milk, says chief financial officer Marc Rivers.

Dairy The milk supply situation in several key export regions continues to deteriorate.

It's a tough time to be in horticulture, according to Rockit Apples chief executive Mark O'Donnell.

The rising cost of diesel on the Chatham Islands is threatening the profitability of the island's main economy of farming and fishing.

The outlook for global sheepmeat and beef trade is positive for the 2021-22 season, according to Beef + Lamb New Zealand’s (B+LNZ) latest mid-season update.

New Zealand’s red meat sector is continuing to achieve strong export results in spite of considerable labour shortages and supply chain disruptions, says the Meat Industry Association (MIA).

While battery or hybrid has become the buzzword in motoring circles, electrification is certainly not high on the radar in rural environments.

The benchmark gauge for world food prices went up in February, reaching an all-time high, says the Food and Agriculture Organization of the United Nations (FAO).