Latest entries

Single owner for ANZCO

[16 January/ Otago Daily Times] Japanese listed company, Itoham Yonekyu Holdings, has been granted OIO approval to increase its holding from 65% to 100% in ANZCO Foods, through its fully owned subsidiary, Itoham Foods.  The company will be acquiring shares currently held by Sir Graeme Harrison, the company’s chair, company management and Nippon Suisan Kaisha...

Canada’s PSP Investments buying Canterbury farm for $17.7 million

[16 January /NZ Herald] Canada’s Public Sector Pension Investment Board (PSP Investments) has been greenlighted to purchase a medium sized dairy farm and support block in Hororata, Canterbury by the Overseas Investment Office.  The approval for the $17.7 million purchase was granted just ahead of the Labour/ NZ First Collation government introducing tougher requirements on...

Drop in the cost of butter leads to small fall in food prices

[15 January/ Radio NZ Business] Figures from Statistics New Zealand show that food prices fell 0.8% in December compared to the month before on the back of cheaper fruit and vegetables and grocery prices.  The price of butter also fell to an average of $5.46 for a 500g block.  Despite prices falls for many types...

Virus vs disease: New bid to help our honeybees

[15 January/ NZ Herald] Massey University will be leading a government funded project this year that will look into natural bio-protective agents that will assist in keeping the American Foulbrood pathogen at bay.  The American Foulbrood disease is the largest single disease affecting honeybees in New Zealand, it spreads by spores that break down the...

Bunnings to pull Yates pesticide allegedly linked to bee deaths

[14 January/ Stuff Business] Bunnings stores across Australia and New Zealand will cease stocking the Yates Confidor product by the end of this year, given concerns that the pesticide contributes to affecting the navigation and immune systems of bees.  The company acknowledges that decision was based on precaution rather than scientific evidence, with a spokesperson...

NZ softwood log exports hit new record, raising ire of processors

[12 January/National Business Review] Data from Statistics New Zealand shows that New Zealand log exports hit a new record last year, with softwood log exports amounting to $2.41 billion in the 11 months to November 2017, higher than previously recorded for any full calendar year.  The figures are a concern to local manufacturers how have...

Sausage smuggler refused entry into NZ

[12 January/ Radio NZ National] A man travelling to New Zealand from Belgium has been refused entry to the company when he was discovered to have concealed pork and salami sausages from Biosecurity officers at Auckland Airport.  The man was found to have intentionally concealed the sausages in a backpack but they were identified by...

Recall of French baby milk products extended after salmonella scare

[15 January/NZ Farmer] Lactalis, the French milk company, has confirmed that a recall of infant milk formula products from its factory in Craon in northwest France now covers some 12 million boxes of products which have been sent to 83 countries. The product has been recalled following the discovery of salmonella bacteria at the factory...

Milk to be tested nationwide

[12 January/Southland Times] The Ministry for Primary Industries has announced that in response to the Mycoplasma Bovis outbreak in dairy cows milk testing will be conducted nationwide from February.  Milk surveillance has already been commenced in the impacted regions (Southland, Otago and Canterbury) but expanding the programme will provide more information to enable the Ministry...

Cut short: Shear numbers can’t keep up

[13 January/The Australian] It is often said that it was the blood, sweat and shears that built Australia but the industry is now struggling to find shearers precisely when they are needed. The industry has been celebrating a record wool price yet the number of shearers has fallen to 2,842 the lowest level in a...

FDA to ‘modernize certain standards of identity’ as part of strategic policy roadmap

[13 Janaury/Food Navigator USA] The US Food and Drug Administration has indicated that it will be modernising certain standards of identity in its 2018 strategic roadmap, which is likely to see it taking a more active role in issues such as descriptions and terminology applied to dairy and meat alternatives, with a particular goal of...

Avocado squeeze end in sight

[16 January/Australian Financial Review] Relief is in sight from the great avocado shortage gripping Australia as supplies are expected to be sourced from New Zealand and Western Australia. Prices have risen from around AUD6 per tray before Christmas to AUD80 a tray currently as supplies have fallen significantly below expectations in early January. Avocados Australia...

Overseas Investment Office investigates PGG Wrightson owner Agria’s ‘good character’

[11 January/ NZ Farmer] The OIO has confirmed that it is investigating whether Agria, the 50.22% owner of PGG Wrightson, is off good character given its delisting by the New York Stock Exchange, the company’s public statements that it had received subpoenas from the US Securities and Exchange Commission and allegations made against the company...

Chicken king Wiesenhof invests in cultured meat

[14 January/Handelsblatt Global] While there is little doubt that German consumers love meat, Wiesenhof, the country’s largest poultry supplier, has made an investment into Isreali start-up, SuperMeat. SuperMeat is focusing on using stem cells to grow meat with a goal of making a product that is cheaper than conventional meat using significantly less resources. Wiesenhof’s...

New food wave demands primary sector unity

[11 January /NZ Farmer] Meat industry leader and CEO of Waikato based Greenlea Premier Meats has called for New Zealand primary and food producers to work as one to plan how the country responds to new generation food challenges.  Mr Egan made a call for a collective initiative to develop a common vision for the...

Nutella owner close to buying Nestle’s US candy business for USD2.8 billion

[11 January/Food Dive] Italian confectionary company, Ferrero, is rumoured to be the preferred purchaser for Nestle’s US confectionary portfolio according to Bloomberg. The deal which includes many well-known brands in the US (Kit Kat, Crunch and Butterfinger) is part of Nestle strategy to focus on a range of growth opportunities available in other segments it...

LIC launches Space, the final frontier for livestock improvement

[11 January/ The Country] Livestock Improvement Corporation has announced a giant leap forward for pasture management, a satellite technology called SPACE or Satellite Pasture and Cover Evaluation.  SPACE uses satellite images to measure pasture cover and sends detailed reports to farmers by email, saving farmer’s significant time in checking pasture cover each week.  Such technology...

Trump promises US farmers rural development improvements during annual meeting

[10 January /Dairy Reporter] President Donald Trump addressed the American Farm Bureau Federation’s annual meeting in Nashville and signed two executive orders at the meeting that would extend broadband access. The orders were implementing two of the more than 100 recommendations made by the Agriculture and Rural Prosperity Taskforce that had been led by Agriculture...

Dairy Women’s Network CEO steps down

[11 January 2018/ The Country] Dairy Women’s Network has announced that CEO, Zelda de Villiers, will step down from her role in May 2018 to pursue business interests in Northland.  The organisation’s Chair, Cathy Brown, said that Ms de Villiers commercial and financial expertise has led the not for profit into a strong position, thanking...

Avocado sales could more than double this year, helped by demand from China’s middle class

[10 January/CNBC] China’s expanding middle class population is rapidly growing demand for avocado’s which is expected to see imports of the fruit more than double in 2018 again according to Steve Barnard, the President of Mission Produce, the world’s largest distributor of avocados. The pace of growth in sales of the fruit in China, which...

Danish retailer helps herd shoppers into organic farmland fund

[10 January/Agri Investor] In September last year the Danish Organic Association and Nature Conservation Association launched the Danish Organic Agriculture Fund with the goal of raising DKR35 million to invest in projects designed to increase the availability of organic food in Denmark. After a slow start to the fund raising seeking investors prepared to commit...

Grey, Buller districts added to drought list

[10 January/ Otago Daily Times] Agriculture Minister, Damien O’Connor, has added the Grey and Buller Districts on the West Coast to the list of regions currently experiencing a medium-scale drought.  The declaration means that the local Rural Support Trust and other recovery organisations are able to access a funding boost.  Minister O’Connor declared 13 districts...

Vetlife warned over alleged price fixing

[9 January/Stuff Business] The Commerce Commission has warned Vetlife, a Timaru based vet group over alleged price fixing in 2015.  Vetlife operates 17 practices in the South Island and the warning relates to a complaint over the pricing for the sale of a prescription of Cepravin to a long standing customer by a third party...

Restaurants snap up fake donkey meat

[9 January/China Daily] Hundreds of workshops making and selling fake donkey meat have been discovered in Heijan resulting in a city wide inspection being launched. Heijen is famous for its ‘donkey burger’ (a product called lyurou huoshao, snack of ground donkey meat in a baked wheat bun) and authentic meat commands a premium given the...