The deal will eliminate tariffs on all NZ honey, wine, kiwifruit, onions, and a range of dairy and meat products.
Alliance Group has extended its partnership with global retail giant Marks & Spencer landing a deal to supply a range of value-add beef and lamb to its Singapore division.
Nelson natural drinks company Chia Sisters has completed brand refresh for its entire range of pressed juices, smoothies, sparkling and superfood drinks.
A hearing into NZ King Salmon’s plan to develop the country’s first open-water salmon farm kicks-off today – with rivals expected to watch closely.
The produce giant warns its FY21 profit could fall as much as 76% from the $16.6m it posted in 2020.
Zespri RubyRed will hit the shelves in commercial volumes in March with around 250,000 trays expected.
Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.
The Nelson snack food startup is scaling up and chasing US export growth following a $2.5m capital raise.
Comvita has reported its first quarter EBITDA improved by 10.6% compared with Q1 last year.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
The sharp fall in tourism trail sales in NZ has prompted the Christchurch company to test the international appetite for its granola snack bars.
The business founder on expanding into export, building a global brand, and whether she’d ever sell her non-alcoholic drinks firm to an alcohol company.
The cereals business is nearing $5m in total sales underpinning its Australian premiumisation strategy.
Under new leadership, the apple cider vinegar company is planning a domestic drive and looking for new export opportunities.
The 350 biggest global food firms are assessed on their environmental, nutritional and social impact. Who is leading and who is lagging?
The Canterbury-based company is testing market opportunities for New Zealand soybean protein and new foods.
Fonterra, Comvita and Zespri are three of the big New Zealand food firms looking to boost their exposure in the United Arab Emirates through Expo 2020 Dubai, which launched overnight after a year’s Covid delay.
The value of New Zealand’s red meat exports topped $650m in August 2021, up 26% on the same month last year, says the Meat Industry Association.
With demand now exceeding supply and fish sizes recovering, the salmon company signals a second half revival.
The global economic and foodservice recovery is underpinning strong demand, but the high Kiwi dollar will eat into export returns.
The meat exporter is driving into e-commerce in the US and is looking to join big online marketplaces like Amazon.
Kiwifruit exporter Zespri says it continues to work constructively with authorities following a positive test result for Covid-19 in China on a sample of fruit from the Bay of Plenty.
The Coromandel startup hit the market with a dual launch in Singapore and NZ four years ago, but it’s the US where it’s now going for growth.
The deal opens access to the US market for the Auckland-based company’s gluten-free, keto and paleo products.
Even when Covid-era shipping disruption is unwound, it appears unlikely that pricing will return to 2019 levels.
Chinese private equity players FountainVest and Boyu have been linked to $1bn-plus bids for Ziwi.
The premium mixer business is making major inroads in retail, preparing to put boots on the ground in the US, and is about to go live on Amazon.
Prime minister Jacinda Ardern is one of more than 90 world leaders who are set to participate in the historic UN Food Systems Summit next week.
The government has approved a managed isolation and quarantine allocation pilot for exporters.
Raglan Food Co has launched into the Pacific Islands and is eyeing entry into the Middle East with grocery heavyweight Spinneys following expansion in Asia.
The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.
Manuka honey exporter Comvita has appointed a trio of new board directors, namely Bridget Coates, Yawen Wu and chief executive David Banfield.
New Zealand needs a coastal shipping fleet for domestic and regional services and a nationally co-ordinated system for chartering international vessels to overcome current international supply chain issues, according to the Maritime Union.
T&G Global has launched an integrated marketing campaign in key Asian markets to encourage consumers to celebrate full moon festivities with Envy apples as mid-autumn festivities approach.
The Ministry of Foreign Affairs and Trade has said it is making continued progress towards a free trade agreement with the United Kingdom. A deal was meant to be concluded at the end of August.
With housebound consumers picking up the pinny, the global vanilla extract exporter has seen its channels change and sales lift.
T&G Global has launched the first global marketing campaign for its Jazz apple brand following a recent brand refresh.
The plant-based milk business will ring-fence 1% of sales revenue to invest into making oats a “viable and exciting” alternative for farmers to grow.
Shortlisted for the EY Entrepreneur of the Year award, Matthew Bennett says his snacks company is expecting significant growth from across the Tasman this year.
Both high profile and emerging food firms are among the 53 finalists named in the New Zealand International Business Awards 2021, run by New Zealand Trade and Enterprise.
Export prices for goods rose 8.3% on the previous quarter in the three months to June 2021, while import prices rose 4.8%, according to Stats NZ.
A month out from Expo 2020, NZ trade commissioner for the UAE, Kevin McKenna, tells the Ticker about the opportunities for Kiwi food and beverage exporters.
New Zealand exported red meat and co-products worth $870m during July 2021 – a 29% increase on the same month last year, according to the latest analysis from the Meat Industry Association.
The new international genetics and variety management business says it has around 50 premium apple, pear and berry projects lined up.
The iwi investor is trying to buy a chunk of the seafood company, although it says it has “no current intention” to launch a takeover.
A smaller vintage sees the value of exports drop 3% just as industry achieves its 10-year $2bn goal.
The Otu Estate owner counts the cost of a smaller 2021 harvest and investment into growing its branded wine sales.
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The National Party has appointed new spokespeople to a range of portfolios related to New Zealand’s food system.
Marlborough Wine Estates Group has appointed the Hayward Bros as the UK distributor for its OTU Estate brand.
Kaimoana (seafood), including fish, crayfish, and mussels was the Māori authorities’ top commodities export in 2020 at $311m.
The prolonged impact of Covid-19 and a rapidly changing China market has prompted the company to launch a growth strategy review.
A turnaround is taking hold at the honey company, which is focussed on growth in the world’s two biggest honey markets, China and the US.
Exports of fish, crustaceans, and molluscs were up $35m or 29% in July to reach $155m, according to Stats NZ.
Diversified focus put agribusiness on track to to deliver full year net profit of between $32 – $37m.
The snap lockdown has piled more pressure on already congested supply chains, says the company’s MD, Don Braid.
Apple wine and honey tariffs to be slashed, but no particulars yet for the red meat sector.
With China and Korea its number one and two markets, Grove is looking to Thailand and Vietnam for further growth.
A New Zealand chef who pioneered the development of avocado milk has teamed up with a buttercup squash grower to develop a new plant-milk destined for export markets in Asia.
The United Arab Emirates presents a fertile market for New Zealand food and beverage exports particularly for fruit and honey products, according to new research from New Zealand Trade and Enterprise.
Zac Robinson and Angus Brown are preparing for a $5m capital raise to take Ārepa’s nootropic drinks to the world.
Organic apple grower Bostock New Zealand says it has seen a 136% increase in organic apple sales this year across its direct retail programmes in China.
The produce giant’s new business has launched with two initial partnerships.
New Zealand Trade and Enterprise has appointed David Dewar the first New Zealand Trade Commissioner to the Pacific, based in Fiji.
The Meat Industry Association has launched a campaign to help address the industry’s chronic shortage of employees – currently standing at around 2,000 people.
Summer storms, supply chain disruption and labour shortages all weigh on first half performance.
NZHFC made representations such as “100% New Zealand” knowing the royal jelly ingredient was from China, finds a court.
Exports from the New Zealand red meat sector reached $937m in June, up 16% year-on-year, according to the Meat Industry Association.
Bootleggers tonic and mixers brand is set to launch into Australia following the appointment of a local sales agent and the securing a contract to supply what it says is the country’s largest liquor retailer.
Taulelei is teaming up with brand specialist Tabitha Harris to launch a new venture focusing on “business design through story, strategy and brand”.
Wellington nut butter maker Fix & Fogg was named the supreme prize winner at the Wellington Gold Awards on Thursday night.
The Maritime Union of New Zealand has called for “innovative responses” to ongoing shipping congestion that is causing delays in New Zealand’s supply chain.
A year on from its purchase of Hop Federation, the Ticker talks to Kono’s CEO about the brewery’s integration, exporting during a pandemic and whether more acquisitions are on the cards.
The value of NZ exports continues to climb hitting a new high of $6bn in June this year.
Japanese demand for premium products, products that are safe, sustainable, and trustworthy fits NZ’s F&B profile.
Patsy Bass, co-founder of West Coast spirits powerhouse Reefton Distilling Co, hires two senior executives to lead the company’s drive into export markets.
The total value of exports reached $4.55bn in the year to March, up 8.3%.
The Golden Bay craft gin maker has made it into the “notoriously difficult to enter” North American market.
Auckland Chamber of Commerce chief executive Michael Barnett has called on the government to release more MIQ rooms for New Zealand exporters returning from offshore travel – or allow them to skip it altogether.
Beef + Lamb New Zealand is confident US demand for meat protein will remain high through 2021 as demand from the recovering foodservice sector continues to challenge available supplies.
Functional food startup Soochi plans to pioneer a ‘prejuvenation’ drinks category in Asia Pacific after hitting two milestones this month: signing off seed funding and launching into Foodstuffs supermarkets.
New Zealand exported red meat and co-products worth $877m during May, according to the latest analysis from the Meat Industry Association.
Growing consumer demand and more interest from supermarkets is paving the way for expansion for gluten free pioneer Pavillion Foods.
Honey exports are on track to rise 13% to $480m in 2020-21 according to MPI’s latest Situation and Outlook for Primary Industries.
Covid-19 induced congestion in the global shipping industry is likely to continue well into 2022, with skyrocketing costs hitting New Zealand primary producers hard, according to ANZ.
The seven-year old company formerly known as Raglan Coconut Yoghurt is on a mission to change the world one plant-based product at a time.
The fortified foods firm plans to double production and boost exports to Australia while it explores markets further afield.
Miniature apple company Rockit Global has expanded its footprint from Hawke’s Bay to Gisborne where it will now establish a management team, and potentially a new packhouse.
The Flying Winemaker group has signed a distribution deal which will see its wine sold in foodservice outlets across Mainland China.
Monthly goods exports were up $461m to $5.9bn after a 12% rise in dairy products in the month of May, according to StatsNZ.
“We’re right on the cusp of growth which is always a challenging time to navigate,” says new GM Bonnie Slade.
The US is likely to remain the largest market for wine and beef exporters over the coming 12 months, according to NZUS Council.
An interactive map showing import and export, and financial data for each New Zealand port has been released alongside a report from the Auditor-General’s with the results of the 2019/20 audit of port companies.
The future of meat prices and production are likely to be challenged by the emergence of a cultivated meat sector on track to become a US$25bn global industry by 2030, according to a new report from McKinsey.
New Zealand’s food industry is in a prime position to capitalise on Covid-era export opportunities but must overcome capacity challenges on home soil first.
New Zealand is over-reliant on global shipping operators leaving the country’s imports and exports exposed, says the Maritime Union.
New Zealand’s food exporters can expect a free trade agreement in principle with the UK in August and “substantive progress” on an EU deal by the end of the year, says trade and export growth minister Damien O’Connor.
New Zealand’s food and fibre sector is predicted to post a 3.4% rise in export revenue to hit a record $49.1bn for the year ended June 2022.
The fisheries company expects to come in ahead of $26m full year profit guidance despite disruption at Sealord.
Supply chains continue to suffer from severe congestion globally according to New Zealand Trade & Enterprises latest bi-monthly update for May, although some headroom in seafreight to Australia may be on the horizon.
Export disruptions, labour shortages and regulatory pressures are hurting morale in the sector.
The Taihape-based food firm will start exporting to Australia after securing a deal with distributor Scalzo.
A smaller than hoped for 2021 harvest means many New Zealand wineries will face tough decisions over who they can supply in their key markets, according to NZ Wine.
The growth is being driven by a big increase in exports to Australia – but that may not last, says NZ Avocado.
Beef + Lamb New Zealand has reported strong growth and increased demand for grass-fed, pasture-raised beef and lamb in the US.
Competition for container space is fierce, driving up costs alongside congestion and uncertain scheduling.
New Zealand red meat exports remained steady in April with a total of $863m worth of meat and co-products exported to global markets, according to the latest analysis from MIA.
The Asia Pacific Economic Cooperation ministers responsible for trade have acknowledged the need for action to address trade tariffs in the agricultural sector at the 12th World Trade Organisation ministerial conference.
NZ exports with an environmental focus can command the best potential returns, according to new research.
The owner of Lewis Road Creamery can see the company repeating its US export success in the UK – but will await the outcome of current trade negotiations before making MORE »
Total exports of goods and services fell $14.3bn or 16.5%, to $72.6bn in the year ending March 2021, as visibility of the full Covid-19 affected year emerged, according to Stats NZ.
Christchurch-based family business Cookie Time believes it has “cracked the code” to exporting its iconic homemade cookies into the world’s third largest economy of Japan.
Trade minister Damien O’Connor will lead a ‘virtual’ trade mission to Japan this week to promote New Zealand’s relationship with one of its largest trading partners.
Dionysus Investments says it is at the start of an ‘ultra premium’ Asia strategy.
Jacinda Ardern and Scott Morrison have concluded their meeting at the resort – was there anything in it for food and beverage?
Can the country’s food exporters learn lessons from another sector heavily exposed to a single source of income?
Increased volatility and global supply chain disruption are dogging exports to the US, but strong demand for NZ products including beef and wine are supporting long-term growth.
Pic Picot is a step closer to selling a 100% Kiwi peanut butter following the completion of a successful crop trial.
The kiwifruit giant said it delivered record per tray returns across all categories in the 2020/2021 season.
NZ’s bird flu free status attracted US poultry giant Cobb Vantress to set up here but the distance from major markets has been costly during the pandemic.
Sustainable Foods is planning to have Plan*t products in Australia and Asia by the end of the year.
In April 2021, the value of total goods exports rose 1.2% or $65m compared with April 2020, to $5.4bn.
New Zealand Food Safety is reviewing how wine for export is determined to be free from obvious fault.
Nelson Tasman grower and exporter, Luv’ya, has announced a brand refresh for its entire range of apples and pears.
Seafood company reports 15% drop in net profit at the half year as it continues to battle with Covid-19 disruption to freight and foodservice.
Miniature apple company Rockit Global is ready to cut the red ribbon on its new circa $40m global headquarters following a bumper harvest.
Strong global demand and restricted supply have resulted in sweet spot for NZ commodities pushing up prices and export volumes.
Young Kiwi drinks company Pals expands its push into Australia after rapid growth in New Zealand.
The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.
Prime minister Jacinda Ardern will lead a trade mission to Australia in early July.
Consumers globally want to connect with the source of their food and fibre, so if you’re selling a food product get in top of it, stat.
Described as the biggest food and fibre event of the year, the Boma NZ Agri Summit kicks-off in Christchurch this morning.
Seeka has been officially welcomed to Ōpōtiki to celebrate its purchase of Ōpōtiki Packing and Cool Storage.
China’s recovery from the Covid-19 pandemic helped lift red meat exports over $1bn in March 2021, says the Meat Industry Association.
Kiwi exporters are operating in a turbulent environment but food exporters are proving a bright spot, says trade minister Damien O’Connor.
The number of sheep in New Zealand in June 2020 was 26 million, down 3% on the same month in 2019, according to final agricultural production figures from Stats NZ.
The Dairy Companies Association of New Zealand is calling for a trade deal with the UK which comprehensively removes agricultural tariffs.
Maker2U will launch its online farmers’ market sister-website in the UK later this year.
Australia is the biggest export destination for New Zealand feijoas and there is real possibility for expansion, says New Zealand’s largest feijoa exporter.
Nomination’s have opened for the annual award with new categories for 2021.
Food exporters have been warned not to fall back on a ‘business as usual’ approach following the disruption Covid-19 because there is more to come.
Higher margin evidence-based health and wellness products present a huge opportunity to change the value of New Zealand’s agriculture and food sectors.
Delegates from around the country are converging on the Manawatu for the 2021 New Zealand Agrifood Week.
Producing further up the value chain will be a way of boosting export values, according to Infometrics economist Andrew Beattie.
OIO approves T&G Global purchase of an 11-hectare Hawke’s Bay site to grow more Envy apples.
A Taiwan-listed multinational pharmaceutical company is to invest $3.5m to convert a Waikato dairy farm to goat milk production.
Rabobank has hiked its farmgate milk price forecast by 60 cents to $7.60 kg/MS for the 2020/21 season.
The Rockit Global private equity backer will soon be on the hunt for F&B investments.
The dairy company says its new premium ingredients offering is for consumers seeking “sustainably, ethically and equitably produced” products.
The Environmental Protection Authority is calling for information on the use of the herbicide glyphosate in New Zealand in a move that could have ramifications for New Zealand $490m honey MORE »
New Zealand cheesemakers are up in arms over the European Commission’s continuing campaign to restrict the use of common names in international cheesemaking, with halloumi the latest target.
The Wānaka producer secures entry into Japan with distributor Horizon Farms.
New approach in Australia means ramping up online sales and securing a new distributor.
New Zealand food products comprised more than half of the 8,000 tonnes of cargo shipped by Emirates SkyCargo in 2020.
Five ships carrying 28,000 cartons of T&G Global’s Envy apples are on their way to Asia.
Christchurch biotechnology company PharmaZen has suffered a difficult first quarter dogged by delays to its $8m capital investment programme and resultant capacity constraints. In its annual report the company, which MORE »
Wineries will have to pick and choose who to supply as the smaller vintage compounds already low stock levels.
Gaining brand awareness and establishing relationships are the top barriers Kiwi food and beverage exporters face.
Forecasts for the next avocado crop are bullish, while growing sales sees persimmons as the new kid on the chopping block.
Beef and Lamb New Zealand is advising red meat processors and exporters to manage livestock volumes as current global supply chain issues caused by Covid-19 are causing bottlenecks.
Exporters can grow sectors such as wine or explore new opportunities for peanut butter or ice cream, says a new report.
The Government will phase out the export of livestock by sea.
Manuka honey company Comvita has revised its earnings forecast up on the back of strong growth in China and the US.
Companies from Gisborne to Pahiatua can apply.
The new blueberry varieties will be able to be grown year round in Australia.
New Zealand Trade and Enterprise has launched the first of its bi-monthly updates on freight and supply chain.
As alternative proteins increase in popularity, the organisation launches a new website to promote NZ red meat facts.
The Vegan Society Aotearoa New Zealand is questioning the need for dairy exports as the industry’s affect on the environment continues to be in the spotlight.
Annual profit rises to $5.2m, but Covid delays push out development of a new Rolleston factory.
New Zealand red meat exports for February 2021 reached $906.7m, says the Meat Industry Association.
The meat company saw net profit dip to $65m, skirting any deep impact from the pandemic.
New Zealand milk production increased 3% on a litres basis in February 2021, compared to February last year.
Manuka honey business Egmont Honey is launching a new health supplement range in Australia with major retailer Coles.
Almost $1m will be spent on venison marketing and promotion in the US.
Zespri is progressing its plan to move against the unlawful growing of kiwifruit in China as illegal plantings increase.
Goods exports were up $233m in the December quarter, driven by an increase in fish, crustaceans, and molluscs, as well as milk powder, butter and cheese, according to Stats NZ.
New Zealand’s red meat exports fell to $743.3m in January 2021, a 14% drop on compared to the same month a year ago.
The Ministry for Primary Industries has identified hemp as having export market opportunities.
Rising prices for venison in Europe will help boost the market, says Deer Industry NZ.
Freight costs were up 150-200%, labour costs had increased and the exchange rate had risen sharply.
The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.
The honey company took “radical” steps to recover from a $13m interim loss.
It was the fifth consecutive month where dairy exports were less than the corresponding month a year ago.
Ongoing strong demand and expansion into new markets could see another successful year for NZ honey exports.
Stats NZ says NZ meat exporters were selling more for less.
A difficult 2020 has seen the the industry demonstrate its resilience, says Zespri chair Bruce Cameron.
NZ’s food is still highly sought around the world, says MPI director-general Ray Smith.
Air NZ’s cargo business will deliver around five million kilograms of food over summer.
Lamb and sheep export volumes are expected to drop this summer as drought results in lower animal weight and stock rebuild activity.
As air freight costs soared due to Covid-19 border closures, so did the price of exporting.
It was India’s participation that made the deal attractive to start with, which is no more.
Export boss David Boyd says New Zealand exports have been “remarkably resilient”.
The country’s food and beverage producers will be a focus for support to help the country recover from the Covid-19 pandemic, says NZTE.
Online tool identifies pests, threats for exporters selling Kiwi produce to the world
Both dairy and meat exports have taken a dive in the September quarter.
Christchurch Airport will see a boost in cargo flights this summer following more Government support for the International Air Freight Capacity (IAFC) scheme.
The meat processor says the move means customers in the US will get meat before Christmas.
The MIA says the drop reflects the high prices NZ’s red meat was commanding last year.
New Zealand Winegrowers say exports to key international markets have increased “beyond expectations”.
Some dairy products were down $198m.
Lower demand for red meat is set to put pressure on prices, says agribusiness bankers Rabobank.
Harrington’s Smallgoods is urging the Government to make country-of-origin labelling a priority.
The land and buildings are fully leased to Cold Storage Nelson.
Horticulture NZ says there are “immediate” benefits to the new agreement.
Jacinda Ardern says New Zealand’s primary industries will “directly benefit” from the new trade deal.
Chinese authorities say the virus has been detected on beef and tripe and packaging from NZ, Brazil and Bolivia.
It was recognised in the 2020 Hong Kong Dining Awards.
Strawberry exports have been restricted due to the Covid-19 pandemic.
It’s the first of around 100 PGF loans and equity investments worth over $600m to be paid back.
A protest against a live animal export ship bound for China took place in Napier at the weekend.
The Meat Industry Association says a decline in China prompted a “re-balancing” to other export markets.
The petition has been signed by over 11,700 people.
The value of New Zealand’s dairy product exports in September 2020 fell from the same month in 2019.
New Zealand wine exports continue to perform strongly, increasing by 10.7% in the eight months to August.