NZ meat industry loses $1.5b annually to non-tariff barriers
Wouldn't it be great if the meat industry could get its hands on the $1.5 billion dollars it's missing out on because of non-tariff trade barriers (NTBs)?
Primary Industries Minister Nathan Guy says the agriculture sector remains in good heart despite Fonterra’s recently announced reduced forecast payout.
“This [payout drop] wasn’t particularly surprising as it reflects the ongoing volatility in the international dairy price, but clearly it will have a significant impact on the dairy industry,” Guy says.
“Times will be a bit tougher for dairy farmers over the next few months and it will have a flow-on impact in regional communities.”
However, Guy believes the low in dairy prices will be short-term. “The medium to long-term outlook for our dairy sector, and indeed all primary sectors, is very positive. It is expected to grow by 17% to more than $41 billion over the next four years.”
Guy says impressive growth in the meat, horticulture and seafood sectors will help to offset any decrease in the dairy industry.
“For example, beef prices for New Zealand farmers have risen to record highs and horticulture exports are now worth over $4 billion. The NZ dollar is also around 25 cents lower against the US dollar than this time last year, which is helping all exporters, and interest rates are low.”
Guy is adamant the dairy sector will bounce back. “Dairy farmers are resourceful and know better than anyone that it’s a cyclical business and always has been.”
Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
To mark International Rural Women's Day on 15 October, Women in Horticulture (WiH) and United Fresh New Zealand Inc. are sponsoring the Inspiring Wāhine Conference 2025.
Farmers are welcoming the Government’s revised science-based biogenic methane targets for 2050.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
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