16th June 2022 Exports / Zespri
Zespri has shipped more than half of this season’s kiwifruit crop, although one of its vessels has suffered a mechanical failure at sea.
Export revenue from New Zealand’s food and fibre sector is expected to reach a record $52.2bn in the year to June 2022, says the government.
PM Jacinda Ardern attended the New York launch of Silver Fern Farms’ USDA-approved Net Carbon Zero By Nature 100% Grass-Fed Angus Beef.
The government is investing $20.3m to modernise New Zealand’s trade certification system in a move its says will help build on Aotearoa’s global reputation for producing trusted food for export.
Exports were up 17% compared with April last year, according to Stats NZ, with food commodities performing strongly.
Quarterly exports up 17% year on year, however March picture mixed as China restrictions continue and processors struggle with staffing at home.
Zespri has stood up a number of work-arounds in China to combat Covid-19 lockdowns which are slowing the distribution of kiwifruit from Shanghai port.
The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.
Milk powder, butter, and cheese made up 39% of total exports by Māori authorities in the December 2021 quarter, according to Stats NZ.
The company is struggling to meet demand for its zero alcohol products and could soon sign-off a new $2m+ investment.
NZ solidifies its position as the world’s largest kiwifruit exporter, with strong global demand indicating more headroom for growth.
Strong international prices pushed the value of New Zealand’s meat exports over $1.1bn in February, up 21% on the same month last year, according to the Meat Industry Association. The MORE »
New Zealand Trade and Enterprise has released new resources on sustainable packaging for exporters, in response to global trends and requirements for businesses to reduce waste and non-renewable material use.
Disruption is expected to continue into 2023 with pricing to remain high for years.
“If you go in undercooked you could just come unstuck” – Fix & Fogg founder Roman Jewell on ramping up its US presence.
The cost of greener shipping, from the Financial Times.
R&D is the foundation that will drive NZ’s alcohol beverages sectors forward, delivering a unique offering on the world stage.
Dairy giant Fonterra is exiting its businesses in Russia and withdrawing from a joint venture partnership with Unifood.
The Central Otago juice company is targeting Australia to double sales across four states.
Agriculture spins-offs such as packing and grading equipment now outstrip apple exports, while the nature of meat products has changed.
What is the opportunity for New Zealand food and beverage in the Middle East?
The government brings forward border reopenings for visitors from Australia and visa waiver countries like the US and UK.
The innovative beverage maker plans to push up its valuation ahead of dusting off a delayed $5m capital raise.
New Zealand red meat values remained strong in January despite pressure on export volumes.
New Zealand’s food exports to Russia total around $233m, and include dairy, apples, seafood and wine.
The sheep milk company is looking to diversify from its heavy reliance on the Chinese market, with the US, Japan and Singapore in its sights.
A Rabobank report on the beef sector says global demand will keep prices high, with a raft of challenges plaguing the sector.
The seafood industry says tariff free access into the UK is a major bonus after the government signed a free trade agreement this week.
New Zealand Winegrowers says the freshly signed free trade agreement with Britain will support future growth and encourage exporters to focus on that market.
Global dairy prices have hit a new record.
The deal, signed by Damien O’Connor in the UK overnight, will save NZ exporters $37m a year on tariffs.
The move is understood to affect only a small amount of product, primarily butter.
New Zealand exports of milk powder, butter, cheese, jumped 15% to $1.6bn in January when compared with the same month a year earlier.
New Zealand seed exports dipped 5% in 2021 compared with the prior year, to come in at $236m.
Ongoing international demand and low stock levels have winemakers hoping for a significantly larger harvest this year, after a 19% drop in yield in 2021.
Alcohol is driving the West Auckland kombucha maker’s sales, as it eyes expansion overseas and a potential capital raise.
But the company says it is seeing benefits from a renewed focus on the domestic market and a sales drive overseas.
F&B stakeholders including HortNZ and NZKFG are still waiting to see if exporters are considered critical businesses.
New Zealand’s red meat exports reached $10bn in 2021 despite Covid challenges and some softening in the major China market, says the Meat Industry Association.
Global supply shortages will underpin firm commodity prices for dairy this year, while returns for kiwifruit will stay elevated thanks to strong demand, says Rabobank.
One of the world’s largest live export ships is back at Timaru port this weekend and is expected to attract protesters.
Labour shortages are the most pressing concern for the country’s primary sector but global prices should remain strong, according to ANZ’s latest Agri Focus report.
The value of New Zealand’s red meat sector exports reached $693m during October, a 27% increase year-on-year, according to the Meat Industry Association.
New Zealand produce exporter Te Mata Exports says it has acquired the exclusive rights to new early season apple variety, Bay Queen.
A successful trial sees the alcoholic seltzer company secure shelf space in three supermarket chains in Japan.
The monthly value of goods exported in October 2021 rose to $5.3bn in October 2021, up 12% compared with the same month last year, according to Stats NZ.
Milk and honey spread brand Onetai has landed in Asia and the Pacific but wants domestic sales to be the “foundation of the business”.
New Zealand exports to the UK could increase by 40% with food and beverage the big winners, according to ANZ research.
But more growers and farmers would need to convert to organic to hit the $4.7bn target by 2030.
New Zealand’s meat and wine exports have enjoyed a strong September 2021 quarter with the value of the former surging.
Rising costs, supply chain concerns, food miles and a desire to support local are headwinds highlighted in a new report.
Functional beverage startup Little Elephant Tonics is seeking up to $230,000 in capital to help fund exports to the US and Australia.
Any government move to reduce international visitor numbers post-Covid to concentrate on higher spending arrivals could affect Kiwi food exports, says a new study.
Some 78% of New Zealand exporters citing increased costs and unpredictable transport options as the number one barrier to exporting, according to the latest ExportNZ-DHL Export Barometer
Plaudits are rolling in for the government’s in-principle free trade agreement with the United Kingdom, which could result in a $1bn boost to GDP.
The deal will eliminate tariffs on all NZ honey, wine, kiwifruit, onions, and a range of dairy and meat products.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
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 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.
The global economic and foodservice recovery is underpinning strong demand, but the high Kiwi dollar will eat into export returns.
Even when Covid-era shipping disruption is unwound, it appears unlikely that pricing will return to 2019 levels.
The government has approved a managed isolation and quarantine allocation pilot for exporters.
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.
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.
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.
Exports of fish, crustaceans, and molluscs were up $35m or 29% in July to reach $155m, according to Stats NZ.
Apple wine and honey tariffs to be slashed, but no particulars yet for the red meat sector.
With a Foodstuffs deal and imminent entry into Australia, the beverage business says its growth plans are back on track after a patchy start to the year.
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.
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.
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.
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.
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.
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 fortified foods firm plans to double production and boost exports to Australia while it explores markets further afield.
Monthly goods exports were up $461m to $5.9bn after a 12% rise in dairy products in the month of May, according to StatsNZ.
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.
New Zealand is over-reliant on global shipping operators leaving the country’s imports and exports exposed, says the Maritime Union.
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.
Producing further up the value chain will be a way of boosting export values, according to Infometrics economist Andrew Beattie.
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.