Nimble New Zealand exporters finding opportunity amid shifting trade terms
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
Meat and edible offal exports fell 15% ($235 million) in the September quarter, Statistics New Zealand says.
The fall in values, after adjusting for seasonal effects, was due to a 13% fall in the quantities exported.
"We are seeing the effect of lower prices after the record meat season last year," international statistics senior manager Jason Attewell says. "In the year ended September, the actual value of meat exports has fallen by around 7%, but quantities were little changed, down 1%."
The fall in meat exports was a leading factor in a drop in total goods exports from the June 2016 quarter. Overall, seasonally adjusted quarterly goods exports fell by 4.8 percent ($605 million).
Other key movements in the September 2016 quarter included a fall in the value of fruit exports, down 5.8% ($40 million) to $644 million, and a rise in the value of forestry products, up 4.1% ($43 million) to $1.1 billion.
Exports of milk powder, butter, and cheese were little changed in the September 2016 quarter.
The seasonally adjusted value of goods imports rose 2.2%, led by a rise in capital goods.
The seasonally adjusted quarterly trade deficit was $1.1 billion, equivalent to 9.5% of exports.
This release focuses on our goods trade. For the year ended June 2016, goods made up 70% of total exports, and 74% of total imports. Goods and Services Trade by Country: Year ended September 2016 will be available on 2 December 2016.
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.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
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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