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Compared with April 2011, exports of goods fell $799 million (17 percent) in April 2012, to $3.9 billion, Statistics New Zealand said today.
Federated Farmers welcomes the settlement, subject to worker ratification, that will see AFFCO back in full production.
A tidy 400 head of cattle were offered at Wellsford today, of which weaner and R1yr cattle filled the most pens. Though the buying bench was mainly local, the arrival of one buyer from Tuakau helped move proceedings along in the weaner pens
The North Island store cattle market has come off the boil in general, apart from in calf cows and heifers. Good traditional in calf cows in the paddock are around $1000-1100/hd. R3yr heifers are $1100-1200/hd. With pregnancy rates high this season, more older in calf cows have hit the market. Prices have generally been $700-800/hd. At Stortford and the Feilding in calf heifer and cow fair, prices were fairly similar.
The store cattle market the south island has been relatively quiet this week. There have been one or two private sales of weaner calves but even this market is slowing down.
While US imported beef prices have softened in recent weeks, the weaker NZ dollar has more than made up for this.
US end users of beef remain reluctant to buy too far forward and instead continue to play the spot market.
NZPork has filed papers appealing against a High Court judgment which it says would have opened the way for new import health standards, and exposed New Zealand's pigs to the Porcine Reproductive and Respiratory Syndrome (PRRS) virus.
Fonterra has dropped its forecast farmgate milk price by 30c for the current season to $6.05 and is forecasting a $5.95-$6.05 payout range for the 2012/13 season.
Animal nutrition specialist SealesWinslow is expanding its footprint with a multi-million dollar feedmill development in Wanganui.
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Restrictions in an Auckland suburb where one Queensland fruit fly was found may be lifted this weekend after no more have been found.
Massey University will spend $75 million upgrading and expanding New Zealand's only veterinary school, increasing its capacity to train vets by 180 students.
Silver Fern Farms has joined existing partners in the Primary Growth Partnership application led by Beef + Lamb New Zealand and a consortium of commercial companies.
The Voluntary Bonding Scheme needs to be more focused on delivering better health services for rural New Zealand, Labour spokesperson for Rural Affairs Damien O'Connor says.
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