New Zealand's farm and forestry exports are bouncing back in the wake of the global recession, agricultural economists say.

Phitek company founder and chief executive Mark Donaldson has lost his job at the helm of the tech company, as shareholders conduct a company-wide review of the business.

Dairy prices have risen by a third in the past quarter, dominating a 10.3pc rise in New Zealand's export prices.

For borrowers the Reserve Bank's statement makes dispiriting reading...

There's been a victory in the long quest for a Russia free trade deal.

Specialist companies see big opportunities in store with prospects of a Russian trade deal.

NZ recorded its first annual trade surplus in nearly eight years in the year to April, Statistics NZ says.

The dairy industry will pump $1 billion extra into the economy based on next season's Fonterra milk price forecast, says Westpac bank.