Latest from Agribusiness

Rate cut done deal, experts say

A second interest rate cut by the Reserve Bank next month is now a done deal and a third is increasingly on the cards before the year is out.

Dairy prices keep slipping

Dairy prices eased at the latest GlobalDairyTrade (GDT) auction but the sale gave away little on where the market, and interest rates, will go in the months ahead.

Current account deficit hits $8.6b

New Zealand earned $8.6 billion less from the rest of the world through trade and investment in the year to March than the rest of the world earned from us.

Grower's parsley tests positive for listeria

A fresh herb grower has confirmed its Italian parsley, which was stocked by two New World supermarkets in the Auckland region, has tested positive for listeria.

Saudi farm deal: Lambs 'suffered high death rate'

Lambs born after the airfreighting of 900 pregnant ewes to a businessman’s Saudi farm suffered an extremely high death rate, it has been claimed.

Farmers unhappy with Silver Fern Farms

Silver Fern shareholders are seeking to force a special meeting to discuss the benefits of a merger with Alliance Group.

Surplus bigger than expected

The account surplus was larger-than-expected in the first quarter as spending by tourists widened the services balance.

Dairy farm prices fall

Dairy farm prices eased in the three months to May according to REINZ's latest rural report.

Dairy Auction: Dairy prices slip again

Dairy prices slipped again at this morning's GlobalDairyTrade auction, the GDT price index falling by 1.3 per cent.

Exporters benefit from falling dollar

The sharp fall in the New Zealand dollar yesterday, following months of easing, will result in winners and losers.

Media told of job cuts before staff

Media were told that hundreds of Fonterra jobs were to be axed, hours before staff heard the news.

Dairy not biggest cheese: English

Bill English says that while the dairy industry was an important one, it was not necessarily as big as many thought.

Depression: Farmers need to take care

A national programme to address rural depression will be developed in recognition of challenging times for farmers including volatility in milk prices.

Chicken farming firm ProTen raises $36m

ProTen, an Australian chicken farming business whose shares trade on New Zealand's Unlisted market, raised A$34 million ($36.5 million) to fund growth and repay financing.

Call for big changes at Fonterra

Market analysts and dairy industry players say Fonterra needs to improve its performance and while job cuts are unfortunate, big changes are required.

Layoffs expected at Fonterra

Fonterra says it will lay off hundreds of its 1500 head office staff in a major review following the decline in dairy prices.

Milk production to boost economy by $1.8b

AgriHQ forecasts increased milk production and a higher forecast payout to dairy farmers will bolster the economy.

Milk producers must do more