NZ exports to EU surge by $3b under free trade deal, says Government
New Zealand exports to the European Union have surged by $3 billion in two years under the New Zealand-European Union Free Trade Agreement.
September was the highest export revenue month on record for dairy technology company, Waikato Milking Systems.
This is good news for the company, established in the 1980s to manufacture herringbone farm dairies and components like milk meters and clusters. Thirty years on and WMS is one of the largest manufacturers of rotary dairy platforms and dairy components in the world.
Just back from the World Dairy Expo in Wisconsin United States, chief executive Dean Bell says the company's development of the unique Centrus composite dairy platforms has sealed WMS' position as one of the world's leading dairy innovators.
"We are known for our herringbones and rotary systems which meet the needs of most farmers around the world, but the composite decks have given us clear differentiation in the large-scale dairy environments of China and the United States where thousands of cows are milked through dairies which operate 24 hours a day, seven days a week.
"We are starting to get traction around our international growth plans. At the moment, two thirds of our business is domestic and one third export but through innovation and acquisition we plan to increase our international business to around 70% of our turnover."
Bell says the company's Centrus composite decks boast some impressive percentages which differentiate it from traditional concrete platforms in the accelerated use and wear environment of 24 hour operations and which is resulting in higher recognition for the company and demand for its products around the world."
"The 60 bail composite platform is 80% lighter and five times stronger than concrete and the largest Centrus, the 84 bail, is 80% lighter and eight times stronger than a concrete equivalent."
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.