Red meat exports slump, thanks to China
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Chinese scientists have signed a deal to set up a commercial animal cloning centre in the northern port city of Tianjin.
It will produce 100,000 beef cattle embryos initially, increasing to one million.
The plant in the Tianjin Economic and Technological Development Area (TEDA), a government-sponsored business development park, will also clone sniffer and pet dogs and racehorses. Its main building is now being built and is due to open in the first half of 2016.
Sinica, a subsidiary of Boyalife Group, which focuses on stem cell and regenerative medicine, signed the agreement with the TEDA this month.
Chinese farmers are struggling to produce enough beef cattle to meet market demand, said Xu Xiaochun, board chairman of Boyalife Group.
Scientists have cloned mice, cattle and other animals since the world's first cloned sheep, Dolly, was born on July 5, 1996 in Britain. Since 2000, Chinese scientists have cloned sheep, cattle and pigs.
China's first cloning company was set up in September 2014 in the eastern Shandong Province, first birthing three pure-blood Tibetan mastiff puppies. The firm is a joint venture between Boyalife and Sooam Biotech.
Until then cloning in China had been limited to scientific research.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
A seminar on rural dispute resolution has been organised at Lincoln University, Christchurch this month.
The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial Awards were announced at the recent National Rural Health Conference.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.