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.
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Tributes are pouring in from across the political divide for former Prime Minister Jim Bolger who passed away, aged 90.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
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