Trade Minister Tim Groser has confirmed New Zealand is working closely with our trading partners to keep them informed of the potential contamination of some products.

Fonterra is in damage control as its export markets react to potentially contaminated whey protein concentrate ending up in infant formula and other dairy products.

A dirty pipe at Fonterra's Hautapu factory in Waikato threatens to knock the co-op's infant formula business on the head.

The 7000 bales of South Island wools on offer this week saw a slightly easier market overall with an 82% clearance, reports NZ Wool Services International Ltd's general manager, John Dawson.

Fonterra has lifted its forecast farmgate milk price for the 2013-14 season by 50 cents to $7.50/kgMS.

The official cash rate (OCR) has been left unchanged at 2.5%.

The seasonally adjusted value of exported goods fell 4.7 percent to $11.0 billion in the June 2013 quarter, Statistics New Zealand said today.

Westland Milk says its new infant formula range launched in China last week is attracting strong interest from consumers.

With just six weeks until spring the two major fertiliser companies have dropped their prices on fertiliser nutrients.

The first South Island sale for the 2013/14 season saw small movements each way, but an overall firm market with an 89% clearance of the 8100 bales on offer, NZ Wool Services International Ltd's marketing executive, Paul Steel says.