17th June 2021 Exports
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.
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.
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.
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.
Strong global demand and restricted supply have resulted in sweet spot for NZ commodities pushing up prices and export volumes.
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.
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.
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.
It was the fifth consecutive month where dairy exports were less than the corresponding month a year ago.
It was India’s participation that made the deal attractive to start with, which is no more.
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 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.
Fonterra released its Global Dairy Update last week with the latest data.
The value of New Zealand’s dairy product exports in September 2020 fell from the same month in 2019.