Media Release from Beef+Lamb NZ Following a challenging year with COVID-19 disruptions and drought, Beef + Lamb New Zealand’s (B+LNZ) Mid-Season Update 2020-21 highlights the resilience and adaptability of New Zealand’s red meat sector as solid market fundamentals continue to support global demand. Although the outlook predicts that the sector will continue to be challenged […]
exports
Westland unveils Project Goldrush
A $40million investment to access global consumer butter market Westland Milk Products is embarking on an ambitious $40 million plan to double capacity of its consumer butter manufacturing facility. The plan to increase production of premium grass-fed consumer butter brand Westgold has been five years in the making and is backed by new owner, global […]
Fonterra lifts farmgate price, food prices down
by Nick Clark, Federated Farmers Manager General Policy Fonterra lifts payout forecast Fonterra has lifted its farmgate milk price forecast for the current 2020/21 season to a range of $7.30-$7.90 per kgMS with a midpoint of $7.60. This is up from its previous range of $6.90-$7.50 and midpoint of $7.20. Fonterra said its milk price […]
GDT surges, commodities up, exports down
by Nick Clark, Federated Farmers Manager General Policy GDT surges Dairy prices leapt at this week’s Global Dairy Trade auction, up a whopping 15.0% at this week’s auction. Whole milk powder, by far the biggest commodity by volume, led the way in jumping 21.0% compared to a fortnight ago. Almost all the other commodities also […]
A day in the life of an arable farmer…
New Zealand’s arable industry is worth $2.1 billion each year to the economy, and earns us $260 million in export sales. It also employs more than 11,300 Kiwis. It’s a diverse sector, and a world leader in both volume and quality producing the likes of radish seed, white clover seed and carrot seed. But while […]
Red meat exports reach historic highs
Despite the challenges and restrictions of the Covid-19 pandemic, the New Zealand red meat sector exported $9.2 billion worth of products during 2020, an increase of one per cent on the previous year. Overall exports during the year reached historically high levels – and were seven per cent above 2018 exports ($8.6 billion) and 21 […]
FTA upgrade a bonus of NZ-China meat trade
The upgrade of the Free Trade Agreement between New Zealand and China will help further streamline trade between the two countries, Meat Industry Association chief executive Sirma Karapeeva says. “The upgrade will simplify export procedures, remove a level of administration, paperwork and reduce compliance costs for red meat exporters. “We anticipate a reduction in the […]
Remarkable lambing performance in challenging year
Despite COVID-19 related processing restrictions and a widespread drought in the first half of 2020, sheep and beef farmers achieved a near record 130.3% lambing percentage. This is the finding of the Beef + Lamb New Zealand (B+LNZ) Lamb Crop Outlook report for 2020 that measures the lambing performance and forecasts lamb and sheep exports […]
Red Meat Sector Launches New Strategy
The red meat sector launched a new strategy, a collaboration between Beef + Lamb New Zealand and the Meat Industry Association, at a function in Wellington this week. The strategy sets four key goals for the sector to achieve by 2030: Sustainably profitable: lift innovation, performance and productivity. Premium value: build a platform to create […]
Looming crisis for transport – RTF
The trucking industry wants to see Labour engage better with the business community in its second term of Government, says Road Transport Forum chief executive Nick Leggett. “Solutions to the issues and opportunities that Covid-19 has thrown up lie in the knowledge and expertise held by New Zealand’s businesses, rather than its bureaucracy,” Leggett says. […]