Posts tagged "U.S."

Pressure on processors’ margins

[2 April/Farmers Weekly] Less aggressive buying by Unites States manufacturing beef importers put pressure on New Zealand processor margins. American feedlots are well stocked at this time of the year, and importers were aware of the New Zealand supply trends according to Anzco Foods General Manager of Agriculture and Livestock, Grant Bunting. He said this...

Canada wants clearer warnings on junk food. The US is using NAFTA to stop them

[26 March/CNBC] The obesity crises is now worldwide. In Chile, health officials were trying to revolutionise nutrition labelling. In Canada 26 percent of adults are obese. They were considering becoming the first high-income country to adopt a warning system. However, if American trade representatives prevail they will not be able to implement this as they...

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...

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...

Mataura Valley Milk offers strong milk price

[9 March/NZ Farmer] Mataura Valley Milk General Manager, Bernard May, said the company was offering a competitive milk price with a supply premium of 20 cents per kilogram of milk solids. This was along with other incentives adding up to a total payment advantage of up to 55.5c/kg. He added that he was confident it...

New Zealand wines a cut above Aussie quaffers in US market

 [26 February/NZ Farmer] For the second year running, New Zealand has been ranked the third biggest wine importer by value to the United States behind Italy and France. When compared to Australia, NZ exports only 7.7 million cases to the United States whereas Australia exports 20.6 million. However, the total value of our wines of...

Nestle buys majority stake in organic food company Terrafertil

[9 February/ CNBC] Nestle has announced that it has acquired a majority stake in Terrafertil, a company that sells natural and organic plant based foods continuing its strategy to build a portfolio of products in the healthy food space.  The size of the investment or its ownership level in the business were not disclosed.  Terrafertil...

US dairy sees ‘strong advocate’ in nominee Gregg Doud as USTR chief agricultural negotiator

[6 February/ Dairy Reporter] The US Dairy Exporters Council and National Milk Producers Federation have both urged the US Senate to swiftly approve the nomination by the Trump Administration of Gregg Doud to the role of Chief Agricultural Negotiator in the Office of the US Trade Representative.  Mr Doud’s nomination has been on hold since...

Manuka Honey: Buzz builds for New Zealand superfood

[2 February/Food Navigator USA] The unique health benefits of Manuka honey are starting to make a mark in the US market with the market leader, Wedderspoon, reporting record sales across all retail channels in 2017.  Wedderspoon has calculated that its products accounted for 73% of the combined growth in the Manuka category across conventional grocery,...

‘Hallelujah’ moment: Revised TPP to be signed in March

[24 January/Radio New Zealand Business] Trade Minister, David Parker, has confirmed that the Trans Pacific Partnership is to be signed in March following talks in Tokyo.  The 11 remaining nations, following the USA withdrawing last year, have revived the agreement that will eliminate more than 98 percent of tariffs in the free-trade zone.  The deal...

Cargill gives peas a chance through investment in Minnesota protein supplier

[18 January/Food Dive] Cargill has taken another step to position itself for the emergence of new forms of protein through an investment in Puris, Minneapolis based pea protein supplier.  Tyler Lorenzen, Puris President, said that the financial backing and market reach of Cargill will assist the company in expanding operations globally.  The company has recently...

Nutella owner buys Nestle’s US candy business for USD2.8 billion

[17 January/Food Dive] Nestle has announced that it will be completing its exit from its US confectionary business through a sale of the business to Italian family owned company, Ferrero.  Ferrero is best known for the Ferrero Rocher pralines as well as Tic Tacs and Nutella.  The sale includes more than 20 American candy brands...