Tuesday, 06 September 2022 09:55

Tariff quotas under review

Written by  Staff Reporters
Agriculture Minister Damien O'Connor. Agriculture Minister Damien O'Connor.

The Government will review export quotas it allocates annually to milk processors.

Agriculture Minister Damien O'Connor says this is to maximise export returns for New Zealand's dairy industry.

Access into a number of dairy export markets is controlled through tariff quotas, which provides access into a market for set volumes at a lower or zero tariff.

Dairy export quota allocations are set each year by the Ministry for Primary Industries, and allocated to eligible processors proportional to the milk they collect from farmers. To be eligible processors must collect at least 0.1% of New Zealand's total milk solids.

O'Connor says New Zealand's free trade agreements with the United Kingdom and European Union present new opportunities for New Zealand exporters.

"The new dairy quotas, which will become available under the recent FTAs, means it's timely and prudent to take a fresh look at how we allocate dairy export quota," O'Connor says.

"I want to ensure the quota system is working well for everyone, that the value of quota is being maximised, and that opportunity is not being missed.

"We've fought hard for our dairy exporters and secured improved access through these FTAs. I know our dairy industry is looking to take up the benefits under these agreements as soon as possible."

More like this

Editorial: Celebrating dairy

OPINION: While dairy farmers were busy milking cows last Wednesday morning, 150 leaders and stakeholders of the industry gathered at Parliament over breakfast to celebrate their achievements.

Featured

Dairy buoyant

The Rabobank Rural Confidence Survey found farmers' expectations for their own business operations had also improved, with the net reading on this measure lifting to +37% from +19% previously.

Farmer confidence flowing back

Confidence is flowing back into the farming sector on the back of higher dairy and meat prices, easing interest rates and a more farmer-friendly regulatory environment.

National

Farm Source turns 10!

Hundreds of Fonterra farmers visited their local Farm Source store on November 29 to help celebrate the rural service trader's…

Climate-friendly cows closer

Dairy farmers are one step closer to breeding cow with lower methane emissions, offering an innovative way to reduce the…

Machinery & Products

A JAC for all trades

While the New Zealand ute market is dominated by three main players, “disruptors” are never too far away.

Pushing the boundaries

Can-Am is pushing the boundaries of performance with its Outlander line-up of all-terrain vehicles (ATVs) with the launch of the…

» Latest Print Issues Online

Milking It

Milking fish

OPINION: It could be cod on your cornflakes and sardines in your smoothie if food innovators in Indonesia have their…

Seaweed the hero?

OPINION: A new study, published recently in Proceedings of the National Academy of Sciences, adds to some existing evidence about…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter