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As Australia's competition watchdog gears up to investigate that country’s dairy crisis, Agriculture Minister Barnaby Joyce has pointed out that New Zealand doesn’t have $1/L milk marketing ploys despite having the same retailers.
But he’s only half-right. Australian retailer Woolworths owns the Countdown chain of supermarkets in NZ. Countdown is locked in fierce competition with the NZ-owned Pak n Save chain. The other Australian player, Coles, doesn’t operate here. And there’s nothing preventing Countdown offering milk at $1/L as does its parent company. Joyce acknowledges cheap milk has hurt dairy farmers for years, a problem now made more harmful by depressed export prices.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.
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