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.
New Zealand’s food and fibre exports for the year ending June 2022 leapt to $53.3 billion.
The result is $1.1 billion above the $52.2 billion forecast in this year’s Situation and Outlook for Primary Industries (SOPI) report, which predicted the primary sector continuing to make a profit despite a challenging year.
Agriculture Minister Damien O’Connor says the result is a testament to the efforts of New Zealand’s farmers, growers, foresters, fishers and processors.
“The June quarter saw a strong finish to what we’d already forecast to be a record year for exports,” O’Connor says. “Meat and dairy led the charge in bringing an additional $1.1 billion into our economy.”
He says the data also showed seafood and horticulture exports surpassing the 2021 exports.
“Food and fibre exports made up 81.4 percent of New Zealand’s total exports in the year to 30 June 2022,” O’Connor says.
“In the two years since COVID-19 came knocking on our doors, I believe that, collectively, we’ve done a terrific job keeping the wheels of the economy turning.”
He says the sector has also responded to other challenges, like the current weather events at the top of the South Island, which O’Connor says he is watching closely.
“I’d like to acknowledge the sectors’ ongoing efforts and congratulate them on a job well done. It’s helping provide New Zealand’s economic security in challenging times.”
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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