Damien O’Connor: NZ united on global trade
When it comes to international trade, politicians from all sides of the aisle are united, says Labour's trade spokesman Damien O'Connor.
Export revenue from New Zealand's food and fibre sector is expected to reach a record $52.2 billion in the year to June 30, 2022.
Dairy export revenue is on track to reach a record high of $21.6 billion, 13% higher than the previous year.
Agriculture Minister Damien O'Connor says the latest Situation and Outlook for Primary Industries (SOPI) report, released last week, shows that this will be the first time we've hit more than $50 billion in food and fibre exports, an increase of almost 10% on the previous year.
"This is a tremendous result for the sector as farmers, growers and others in the supply chains who play such a critical role in our economy.
"They have continued to deliver quality products for Kiwis and overseas consumers while navigating global disruption and uncertainty.
"Our markets abroad are demanding high-quality products that are made with care, and this report indicates our exporters are responding to these market signals.
"To that end, the Government is investing to support farmers and growers to deliver food and fibre with low emissions and high sustainablity, which will provide us economic security."
Damien O'Connor said the SOPI, released by the Ministry for Primary Industries (MPI), forecast significant growth across the majority of our food and fibre exports.
Fonterra directors and councillors are in for a pay rise next month.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
OPINION: As the COP30 talkfest ended, claims are surfacing that the controversial Avenida Liberdade - a four-lane 13km highway which…
OPINION: Milking It reckons New Zealand should take a bow after winning the 'Fossil of the Day' award at COP30…