Posts tagged "China"

China hits back at US with tariffs

[2 April/Radio NZ] China responded to America raising duties on foreign steel and aluminium by imposing tariffs of up to 25 percent on US imports. According to Beijing, the decision was to safeguard China’s interests and balance losses caused by new US tariffs. China did not want a trade war however Donald Trump said trade...

A2 Milk shares tumble after Nestle launches competing formula

[28 March/The Country] A2 Milk shares fell 6.5 percent due to Nestle confirming its launch of an A2 infant formula product. A Nestle spokeswoman confirmed the release. Salt Funds’ Managing Director, Matt Goodson, said the price was being driven down because of this news and that there were fears large premiums may fall. A2 milk...

Chinese-owned dairy firm plans NZX listing

[29 March/The Country] Milk New Zealand planned to list a company on the NZX within 3-5 years. Milk NZ Managing Director, Terry Lee, said it would give dairy farmers different options for supply and ownership. Milk NZ expanded to become one of the largest dairy farm groups in New Zealand with 29 farms milking 30,000...

Farmers given food for thought

[26 March/Rural Life] Professor Keith Woodford raised an idea that Hakataramea Valley farmers could market their products directly to consumers. The Hakataramea Sustainability Collective comprises farmers whose aim is to assist and encourage the protection and enhancement of the valley’s environment and promote sustainability. Mr Woodford was optimistic about the sheep industry and wasn’t concerned...

Trade war rips through farm world; soybean, hog prices fall

[24 March/Bloomberg] Following President Trump’s announcement of tariffs on Chinese imports to the US, China has been quick to implement reciprocal tariffs on U.S. imports which put commodities in the middle of a trade war. Soybean and hog futures fell as a result. Other commodities such as steel, ethanol, almonds, fresh and dried fruits were...

Kiwifruit sales to China, Japan set to hit $1 billion

[25 March/NZ Herald] Zespri said sales to China were tracking at a record $500 million, while Japan looked set to make it double completing another half a billion dollars in sales. China and Japan are Zespri’s two biggest markets and most of the fruit sold there was from New Zealand. Zespri’s spokesperson, Rachel Lynch, said...

What’s the cost of rising demand for superfoods?

[22 February/Food Navigator] Rabobank has recently released the World Fruit Map 2018 which shows the pressure that growth in demand for products such as Avocados and Blueberries is having with supply failing to keep up.  Rabobank analysts note that global fruit demand is definitely impacted by superfruit fads with consumers expecting popular products to be...

Comvita swings to first-half profit, reiterates full-year guidance

[23 February/NZ Herald] The Manuka honey company Comvita reiterated its full-year earnings despite bad weather hitting the 2018 season. They reported a net profit of $3.7 million in the six months to December 31 when compared to a $7.1 million loss in the prior period. Chief Executive, Scott Coulter, said total sales were up 44...

Waikato tea estate brews up a style to rival New York and Milan

[23 February/NZ Herald] The only tea plantation in New Zealand, Zealong Tea Estate, was rated among the world’s top retail designers as a finalist in a European award. The show room area of the Gordonton, Waikato premium tea exporter was a finalist. Zealong General Manager, Gigi Crawford, said it was rewarding to be recognised. They...

AVOCO welcome Chinese export season

[15 February/The Country] AVOCO, an avocado export supply group, welcomed the recent announcement that New Zealand suppliers had been granted to market access to China for the 2018-19 season. They export to various Asian markets under their AVANZA brand, and have been preparing for access to China for a long time. New Zealand will be...

Fonterra uncompetitive claims ‘false and misleading’

[12 February/ Dairy News] Fonterra has responded to claims about its business in China calling them false and misleading.  The co-operative noted that the Beingmate relationship has enabled Anmum products to now be distributed in 184 cities in China through 10,000 stores and all the major e-commerce platforms.  While Beingmate has a footprint across 80,000...

NZ avos off to China

[2 February/ Radio New Zealand] It has taken four years for New Zealand avocados to gain approval for export to China. New Zealand Avocados Chief Executive, Jen Scoular, said it had been a huge process but they’re now set to start feeding China this year. There has been a 250 percent increase in avocado imports...

New Zealand’s exports to China jump by a quarter, total exports hit records

[30 January/Stuff Business] New data shows that New Zealand exports rose to a record high in 2017 with total exports climbed 11% to $53.7 billion.  With imports increasing 9.4% to $56.5 billion the trade deficit of $2.8 billion was the lowest in three years.  December was the strongest export month of all time for New...

Up to 100 jobs to go as Gisborne Mill struggles against international competitors

[23 January/NZ Herald] Junken New Zealand has announced that it is proposing to halve its workforce at its Matawhero Mill as demand for plywood and structural building products has declined from Japan.  The General Manager, David Hilliard, said that there is no expectation that the decline in demand will reverse as the population ages in...

Proposed Otorohanga dairy plant meets local resistance

[8 December/ Radio NZ] Otorohanga District Council have stated that they were against resource consent being granted for a $230 million dairy factory, with locals worried it would threaten wildlife as there was a wetland adjacent to the factory site. Happy Valley Milk applied for consent in November 2016 and went through public consultation, with...

Ex-Zespri head to lead Silver Fern Farms

[5 December/ Otago Daily Times] Silver Fern Farms has named Zespri Chief Operating Officer, Simon Limmer, as its new Chief Executive. Mr Limmer had worked for Zespri in a variety of general management roles in New Zealand and China, and would take over from Dean Hamilton in March 2018. Silver Fern Farms Chairman, Rob Hewett...

China now open to NZ avocado exports

[5 December/ Rural News] New Zealand avocado exporters have started looking at how to develop a niche market in China following the signing of an agreement between the two countries allowing avocados to be exported to China. New Zealand Avocado Chief Executive, Jenny Scoular said New Zealand did not produce a significant volume of avocados,...

Chinese demand boosts dairy returns: Rabobank report

[9 October/ Stuff] Rabobank said China’s incapability to produce enough milk for its domestic market means the nation will rely on imports, mainly from New Zealand and Australia. This year, China has imported 13 percent more dairy products compared to the prior year. Rabobank forecasts a farmgate milk price of $6.50 per kilogram of milk...

New agreement will allow US rice exports to China

[21 July/BBC] China has agreed to allow imports of rice from the US for the first time, giving US farmers access to the world’s largest rice consumer, with China importing 5 million tonnes in 2016. USA Rice said the agreement is complex and sets strict standards for US exporters to protect against the introduction of...

Fonterra has big plans for China

[16 September/ Otago Daily Times] Big plans are in the works as Fonterra focuses on doubling its milk production in China. This comes in the wake of one of the worst whey protein concentrate scares to hit the cooperative and efforts are still being made to mend the damage to the organisation’s global reputation. While...

Fonterra has big plans for China

[16 September/ Otago Daily Times] Big plans are in the works as Fonterra focuses on doubling its milk production in China. This comes in the wake of one of the worst whey protein concentrate scares to hit the cooperative and efforts are still being made to mend the damage to the organisation’s global reputation. While...