Hawke's Bay to the world
Rockit chief executive Mark O'Donnell says consumer awareness for the brand continues to improve each year.
MEAT, FORESTRY and dairy all contributed to seasonally adjusted export volumes falling 5.3% in the June quarter, while import volumes rose 3.6%, Statistics New Zealand says.
"Export volumes recorded their largest fall since the March 2008 quarter," international statistics manager Jason Attewell says. "This was due to falls from high levels in key primary products."
Seasonally adjusted meat export volumes fell 8.3%, forestry volumes fell 8.3%, and dairy volumes fell 2%.
Seasonally adjusted import volumes rose 3.6%, continuing a series of rises that began at the start of 2013. Capital goods led the rise this quarter, accompanied by rises in other key import groupings.
The trend for import volumes has been rising for seven consecutive quarters – by a total of 19%.
The terms of trade for goods rose 0.3% due to export prices falling less than import prices. "This is the lowest of six consecutive quarterly rises for the terms of trade, which is now 1.3% below its all-time high in the June 1973 quarter," Attewell says/
Terms of trade is a measure of the purchasing power of New Zealand's exports abroad. An increase means New Zealand can buy more imports for the same amount of exports.
A strengthening New Zealand dollar had a downward influence on import and export prices.
The price of exported goods fell 2%, with dairy prices falling 4.3% and forestry product prices falling 6.5% (influenced by a large fall in log prices).
Prices for imported goods fell 2.3%.. The fall was broad based. Petroleum and petroleum products (down 3.9%, due to lower prices for crude oil) contributed the most to the overall fall.
The price and volume indexes for exports and imports of goods are compiled mainly from overseas merchandise trade data.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.