Ravensdown Returns to Profit, Approves $15/Tonne Shareholder Rebate
Ravensdown has reported a net profit before tax and rebate of $50.1 million for the year ended 31 May 2026.
Apiculture NZ says the future focus of the industry is finding markets for what is seen as a glut of honey.
Chair Bruce Wills says the industry's recent three-day conference was a mixture of positive news and challenges. But it was honey exports that took centre stage.
In the year ended 2020, New Zealand earned $505 million from honey exports, but the outlook for this season is not good. In MPI's (Ministry for Primary Industries) latest report on the state of the primary sector, the bad news is spelt out with honey exports predicted to be down almost $1 million by 2025.
However, the problem is worse, with an estimated 20,000 tonnes of unsold honey being held in beekeepers' sheds around the country. This honey mountain is equivalent to about a year of production.
Will says this all goes back to the controversy over what is and isn't mānuka honey.
"The price of the honey that didn't meet the mānuka criteria crashed and a bunch of beekeepers have said they will keep this in their shed because they are not prepared to sell at the low price."
Wills says the mānuka boom also saw a dramatic rise in hive numbers and these now stand at about 900,000.
The value for pollination and other bee products is estimated at about $5 billion.
As the cost-of-living crisis continues to put pressure on household grocery budgets, new figures show pork remains one of the most affordable fresh meat options for New Zealand families.
OPINION: In politics, credibility is and should be big. It must surely rank higher than charisma, which is quite trite and superficial. Yet, voters nowadays are often wooed and influenced by how someone looks or talks at a superficial level. TV plays a huge role in this.
Farmers can spend less time on paperwork, thanks to a new data sharing agreement between DairyNZ’s DairyBase and LIC’s MINDA software.
Kaikōura families affected by July's severe storm have found a practical solution to a problem that's kept some children away from regular schooling for weeks: a washed-out section of Inland Kaikōura Road, which has stopped the local school bus from running its usual route.
Rural New Zealand is welcoming the Government’s recent package of rural healthcare initiatives.
Interest in agritech and production animal systems has prompted Massey University's School of Agriculture and the Environment to new majors to its popular animal science degree.