Santa's present for the primary sector - an FTA with India
Primary sector leaders have welcomed the announcement of a Free Trade Agreement between India and New Zealand.
Dairy Companies Association of New Zealand (DCANZ) executive director Kimberly Crewther said that while the Our Land and Water National Science Challenge report concerned itself with alternative proteins, the value of dairy as part of a sustainable food system extended beyond protein.
"Milk is a nutritional powerhouse, making a disproportionately high contribution to a range of nutrients.
"The 7% of global calories supplied by milk not only contributes 12% of global protein, but also accounts for supply of 49% of food calcium, 24% of vitamin B2, 18% of lysine, and more than 10% of a further five essential amino acids, vitamins A, B5 and B12, phosphorous and potassium.
"Overall milk is a top five source of supply for 23 out of 29 essential nutrients within the global food system."
Crewther said characterisation of New Zealand dairy products as protein ingredients that are easily substituted was overly simplified.
"Technologies for plant-based alternative proteins are not able to replicate the nutritional matrix of milk, and it is this full nutritional package that is the basis for dairy's inclusion in dietary guidelines.
"The high degree of nutritional completeness of milk underpins the ongoing global demand growth for dairy, which is forecast to remain strong, with countries including China and Indonesia having adopted targets to increase milk and dairy product consumption as part of healthy diets for their populations."
Crewther noted that one of the four scenarios suggested emerging proteins would contribute towards increased demand without significantly affected traditional proteins.
"DCANZ believes this is the most likely scenario and that dairy products will continue to play an important role in sustainable food systems and make a significant contribution to the New Zealand economy."
DCANZ also agreed with the caution expressed in the report around highly positive growth of alternative proteins. "This is on the basis that the commercial viability of these products is not yet established, nor is their potential to exceed the contribution that dairy makes to sustainable diets."
Crewther said a published joint study by Fonterra and VTT (the Technical Research Centre of Finland) showed that, contrary to claims by some start-ups, the carbon and water footprints of protein from precision fermentation were not considerably lower than protein extracted from milk, and in fact could be higher. Suggestions of a GHG reduction if New Zealand dairy is replaced by plant-based protein were also overly simplified when the full nutritional contribution of a milk across all nutrients for a healthy diet was considered.
Crewther agreed that there was a "significant breadth" of potential future scenarios.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Farmers are being encouraged to take a closer look at the refrigerants running inside their on-farm systems, as international and domestic pressure continues to build on high global warming potential (GWP) 400-series refrigerants.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Bovonic says a return on investment study has found its automated mastitis detection technology, QuadSense, is delivering financial, labour, and animal-health benefits on New Zealand dairy farms worth an estimated $29,547 per season.

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