New Zealand farmers will face higher urea prices this year, mainly on the back of tight global supply and a weak Kiwi dollar.

The annual domestic utilisation of wool will double to 30,000 tonnes because of the edict that government agencies should use woollen fibre products in the construction of new and refurbished buildings.

Since Donald Trump’s import tariff announcement, the world has been on a wild economic ride.

OPINION: The world is bracing for a trade war between the two biggest economies.

Beef+Lamb New Zealand (B+LNZ) has welcomed the New Zealand Government's announcement that comprehensive free trade agreement (FTA) negotiations have formally commenced with India.

Exports of dairy products will be included in the negotiations New Zealand has with India on a free trade agreement.

Quotas and free trade deals are saving the beef sector over $1 billion in tariffs each year, says Beef+Lamb NZ chief executive Alan Thomson.

New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.

Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.

Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.