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.