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.
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.
From 1 October, new livestock movement restrictions will be introduced in parts of Central Otago dealing with infected possums spreading bovine TB to livestock.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
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