Tegel shares rally on raw chicken news

Tegel shares rally on raw chicken news

[18 August/ NZ Herald] Tegel has announced that it has secured an agreement to export raw poultry to Australia, leading to an 8.5 percent increase in share price to $1.78. The company explained that a regulatory change opened up additional export opportunities into the Australia market, but revenue upside could...
TPP prospects are not bright

TPP prospects are not bright

[22 August/ Farmers Weekly] New Zealand International Business Forum Executive Director, Stephen Jacobi said opposition to the Trans Pacific Partnership in the United States election campaign meant it may not be ratified. Mr Jacobi explained that United States President, Barack Obama, may not ratify the deal by the time the...
Glass half full for dairy after price lift

Glass half full for dairy after price lift

[17 August/ Radio NZ Rural] The average dairy price increased by 12.7 percent at the recent Global Dairy Trade auction. The price of whole milk powder, which heavily influences payments to New Zealand farmers, rose by 18.9 percent to USD 2,695 per tonne. AgriHQ Dairy Analyst, Susan Kilsby said dairy...
Riddle of how 1,700 tons of manuka honey are made... but 10,000 are sold

Riddle of how 1,700 tons of manuka honey are made… but 10,000 are sold

[23 August/ NZ Herald] Research has shown that New Zealand produces 1,700 tonnes of manuka honey each year, while as much as 10,000 tonnes of honey labelled as manuka were sold each year around the world. The numbers suggested some producers were substituting cheap standard honey in for manuka honey,...
Employment breaches 'wake-up call' for Marlborough wine industry

Employment breaches ‘wake-up call’ for Marlborough wine industry

 [19 August/ Business Day: NZ Farmer] Labour contractors who supply Marlborough wine companies with workers have been found to have breached employment standards by failing to keep proper accounting records or failing to pay their workers minimum wage and holiday pay. The investigation, carried out by the Labour Inspectorate, Immigration...
Release of the KPMG Agribusiness Agenda 2016: Volume 1 – Thriving in exhilarating times

Release of the KPMG Agribusiness Agenda 2016: Volume 1 – Thriving in exhilarating times

To thrive in the Fourth Industrial Revolution, New Zealand’s primary sector must constantly innovate and reinvent itself to meet the rapidly-changing needs of consumers. The latest edition of KPMG’s Agribusiness Agenda has highlighted how the fusion of new digital and biotechnologies with traditional physical practices will place the agri-food sector...
Latest entries

New KPMG Service for farmers considering using Milk Price Futures and hedging tools

KPMGs Financial Risk Management and Farm Enterprise teams have worked together with clients to design a new treasury tool kit.  In creating this KPMG will align with clients to empower them, providing them with the tools to build confidence in their business activity. Areas KPMG can help farming businesses include: explaining NZX milk contracts (how...

Low returns discourage feed grain planting in Canterbury

[18 August/ Business Day: NZ Farmer] According to the latest Arable Industry Marketing Initiative Cereal Crop Survey, the volume of barley harvested in 2017 for feed was expected to decrease by 41 percent compared to 2015 levels. Federated Farmers Arable Vice Chairman and Grains Spokesman, Brian Leadley said there had been a lot of talk...

Wool stoush ‘positive’!

[23 August/ Rural News] Wools of New Zealand Chairman, Mark Shadbolt said the recent attacks on the company by its former chief executive had turned out to be a positive. Mr Shadbolt added that the company had received a strong acknowledgement of support from not only growers, but from the industry in New Zealand and...

Bill to streamline Food Safety passes first reading

 [21 August/ Rural News] Food Safety Minister, Jo Goodhew said she welcomed the Food Safety Law Reform Bill after it passed its first reading in Parliament with unanimous support. The Bill standardised enforcement tools from the Food Act through into the Animal Products and Wine Acts. This meant regulators now had similar tools available to...

Supermarket launches free range egg programme

 [17 August/ Radio NZ Rural] Countdown has launched an Egg Producer Programme designed to support free range and barn eggs. Countdown Merchandise Manager, Nikhil Sawant said the programme would mean the supermarket could commit to long term supply agreement s with free range and barn egg farmers. Mr Sawant added that it would involve a...

Ballance Agri-Nutrients announces delay of Kapuni ammonia urea plant rebuild

[18 August/ Business Day: NZ Farmer] Ballance Agri-Nutrients Chief Executive Officer, Mark Wynne said the rebuilding of the Kapuni ammonia-urea plant had been delayed. Mr Wynne explained that the co-operative was writing off $13.3 million of costs associated with the potential upgrade because its potential partner had withdrawn from the project. Mr Wynne said there...

Lincoln University courses could be cut, academic board ‘rejuvenated’

 [19 August/ Business Day] Lincoln University Vice-Chancellor, Robin Pollard said discussions were under way to find ways to improve the university’s financial and academic performance. Mr Pollard added that the university would collaborate with other institutions in both academic and non-academic areas. Mr Pollard explained that the university would ensure its assets were being used...

Old school thinking stunts export gains

 [19 August/ Business Day: NZ Farmer] New Zealand Merino Company Chief Executive, John Brakenridge said New Zealand was stuck in the past as it was trying to produce more low cost commodities rather than promote the fine products it already had. Mr Brakenridge added that New Zealand sold commodities at an export value of around...

U.S. clearance of ChemChina’s Syngenta deal removes key hurdle

 [22 August/ Reuters] A United States national security panel has cleared ChemChina’s USD 43 billion takeover of Syngenta, increasing the chance that the deal would go through. Syngenta shares rose by 10.6 percent to USD 437.90 after the news was announced. Georgetown McDonough School of Business Professor, Charles Skuba said the decision was a very...

Don’t have a cow? Perfect Day animal-free milk bids for slice of multi-billion dollar global dairy market

[22 August/ Food Navigator] Perfect Day, a start-up company in the cellular agriculture industry (previously known as Muufri), has produced dairy milk without the need for any cows. Perfect Day Chief Executive Officer, Ryan Pandya said the company used genetically engineered yeasts that have been programmed to produce proteins and other ingredients found in plants...

Hammond makes subsidy promise

 [22 August/ Farmers Weekly] Chancellor, Phillip Hammond said British farmers and landowners should continue to receive the same level of subsidies after the United Kingdom leaves the European Union. Mr Hammond said any structural and investment funds projects which were signed before the United Kingdom left the European Union would be guaranteed by the Treasury...

Growing lettuce without soil; High-tech hydroponics operation is taking root at bustling Devens complex

[22 August/ The Boston Globe] Little Leaf Farms has been using technology to grow salad greens, such as lettuce, without soil. The farm planted seeds in soilless trays and nourished them with a mixture of water and all the nutrients the plant needed to grow. After 25 days, the greens were carried by conveyor belt...

Eat your food packaging, don’t bin it – scientists

[22 August/ Reuters] Scientists from the United States Department of Agriculture have started to develop an edible form of packaging which would preserve food more effectively and more sustainably than plastic film, reducing both food and plastic waste. The scientists said the milk-based packaging did not have much taste, but flavours could be added. The...

Govt to employ advanced satellites for high-tech farming

[20 August/ The Japan News] Japan’s government has planned to introduce information technology that utilised the nation’s advanced positioning satellites, known as quasi-zenith satellites. The government intended to use the satellites to enable technologies such as self-driving tractors. The satellites would help strengthen the competitiveness of Japan’s agriculture sector in preparation for the possible implementation...

Baby food and probiotics driving expectations for a EUR 1.7 billion colostrum market within the decade

 [19 August/ Dairy Reporter] Analysts from Future Market Insights have predicted the global colostrum market to be worth over EUR 1.7 billion by 2026. The market was worth EUR 1.1 billion in 2015 and was expected to rise to almost EUR 1.2 billion by the end of 2016. The analysts said the increase was due...

Trump team talks trade, labour with U.S. farm groups

[19 August/ Reuters] Republican Presidential Nominee, Donald Trump has told United States agricultural groups that he would give growers and states a say on national farm policy if he was elected. Topics discussed in the meeting between Mr Trump’s representatives and agricultural groups included agricultural trade, labour, crop insurance and food safety. According to agricultural...

Farmers may miss boycott benefits

 [18 August/ The Sydney Morning Herald] According to consumer group, Choice, Australian consumers would spent almost AUD 114 million more on branded labels this year in an effort to support dairy farmers who have faced cuts in the milk price they receive from Murray Goulburn and Fonterra Australia. Private label milk selling at AUD 1...

Sugar tax: Government plans criticised as ‘feeble’ while food bosses say measures are too tough

 [18 August/ The Independent] The United Kingdom Government is ready to announce its campaign to combat obesity, including a target for food manufacturers to reduce the level of sugar in food and drink by 20 percent over the next five years. However, these measures would be voluntary and would not include many of the measures...

How Tinder for Tractors is Shaking Up the Agriculture Industry

[18 August/ AgFunder News] HarvestPort has created an online marketplace to enable agribusinesses to lease their equipment to others for some extra cash. A farming organisation that wanted to borrow equipment was required to enter a request for the type of equipment it needed, its location, and the price it would pay. Organisations lending equipment...

Dairy in sales decline as Danone tops global dairy rankings again

 [18 August/ Dairy Reporter] Euromonitor figures showed that the retail value of the global dairy market decreased from USD 501.6 billion in 2014 to USD 454.2 billion in 2015 and USD 452.6 billion in 2016. The majority of these decreases were due to exchange rates with several major currencies weakening against the USD. According to...

Glanbia sports nutrition revenue up 35%; Kilkenny-based food company now ranked as biggest global player in EUR 10bn market

 [18 August/ The Irish Times] Glanbia Managing Director, Siobhan Talbot said the company represented 12-13 percent of the global sports nutrition market which was estimated to be worth EUR 10 billion. Ms Talbot added that the company’s nutrition business made the largest contribution to the group’s latest half year earnings with a 35 percent increase....

Australian wild dogs should be killed and sent to China to be eaten, says wildlife expert

[17 August/ The Independent] Wildlife Expert, Ben Allen has caused uproar among animal activists after suggesting wild dogs living in Australia should be caught and sent to China to be processed for food. Mr Allen said his scientific paper showed that there were concerns over wild dogs terrorising reared sheep and cattle in the Australian...

Official too slow taking pea action

[22 August/ Farmers Weekly] Federated Farmers Mid Canterbury Vice President, David Clark said the Ministry for Primary Industries (MPI) was too slow to act on the latest biosecurity incursion and as a consequence it had put the pea industry under serious threat. Mr Clark explained that MPI knew about the pea weevil incursion more than...

Wasp vs wasp: Landcare brings in parasite to tackle common wasp

[22 August/ Radio NZ Rural] Landcare Research have taken steps to import parasitic wasps from the United Kingdom to be tested as a weapon against common wasps which cost the primary sector about $130 million each year. Landcare Scientist, Bob Brown said the adult parasitic wasp laid eggs on the larvae of the common wasp....