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Fonterra has introduced QR codes on its Anmun infant formula range to boost traceability.
New Zealand exports of infant formula are expected to reach the billion dollar mark by 2021, the Ministry for Primary Industry says in its latest Situation and Outlook report.
It notes that in the year December 2015 to December 2016, infant formula milk exports from NZ increased by a massive 65% – well above the total world export rise of 44%. Unsurprisingly, much of the demand is led by China where consumers prefer imported products to domestic. And there is demand in China for NZ UHT milk and cream.
The report says NZ’s dependence on the Chinese market is risky, but that the strong consumer demand for safe, high quality products should see growth opportunities continue for the foreseeable future.
Revenue from dairy products for the next five years is expected to rise from the present $14.6 billion to $18.2b by 2021, much of this attributed to rises in WMP, butter, cheese and infant formula.
Jarrard Mair, MPI director of sector policy, says the WMP price is expected to hold the $3000/tonne mark.
And there is lots of good news for the dairy sector in the “exciting stuff coming through from some of the big PGPs”.
“The news has a good solid base and we are not seeing any big fluctuations coming; but we are seeing exciting high-end high-quality food opportunities due to investment in the dairy industry over the past six years. We are seeing great value-add products coming from all the dairy companies.”
MPI says cow numbers rose by 2.9% in the 2016-17 season despite a near-record cull in 2016, but cow numbers this season are predicted to remain static at about 5.9 million.
Milk solids production for the coming season is predicted to be up 2% assuming normal weather, and to increase by 1% over the next five years to 2021.
While MPI waxes lyrical about opportunities, it also warns that NZ has to get a better understanding of the dynamics of new markets. It notes in particular the rise and rise of e-commerce in China and the role and influence of the online platform Alibaba on traditional retailing.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
OPINION: As CEO of the Dairy Board in the 1980s I was fortunate to work with a team of experienced and capable executives who made most of the brand investments that created the international consumer business Fonterra inherited. Soprole in Chile was the largest, but there were more than 20 countries where consumer marketing companies were established and Anchor and other brands were successfully launched.
Fonterra has delivered a fifth straight year of record organic milk price for farmer suppliers.
Fonterra says favourable weather conditions supporting pasture growth is boosting milk production.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
