21st October 2021 Exports / Trade
The deal will eliminate tariffs on all NZ honey, wine, kiwifruit, onions, and a range of dairy and meat products.
Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.
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.
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.