Increased exports of dairy products, together with the rising spending by overseas visitors, saw New Zealand's seasonally adjusted current account deficit fall $0.3 billion in the March 2013 quarter, Statistics New Zealand says.
Federated Farmers of New Zealand is welcoming Google's global trial for its revolutionary Project Loon. If successful, Project Loon could ensure near total broadband coverage for rural New Zealand at speeds currently associated with 3G mobile.
The recent decline in the NZD, low interest rates, a good breaking of the drought, plus good dairy prices have left farmers in good heart at this year's national Fieldays, says BNZ chief economist Tony Alexander.
A hand-held device used to read ear tags on farm animals, developed by Massey industrial designer Tony Parker and technology company Gallagher, has won the inaugural International Innovation Award at Fieldays.