10th May 2022 China / Covid-19
Shanghai port congestion could prolong elevated freight prices, while the foodservice shutdown means strong headwinds for dairy demand.
Kiwifruit exporter Zespri has estimated that Illegal plantings of New Zealand’s gold kiwifruit in China have doubled in the last year.
Upgrades to New Zealand’s free trade agreement with China will enter into force on 7 April.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
What does shifting demand mean for the future of the informal channel, which plays a big role for NZ brands such as A2 Milk?