NZ dairy sector eyes inclusion in India free trade deal
The dairy sector is hopeful of being part of a free trade deal being hammered out between New Zealand and India.
Trade and Agriculture Minister Todd McClay says the Government is always working to ensure that our food exporters are treated fairly under trade agreements signed with other countries.
Speaking at the NZ Dairy Industry Awards in Queenstown, he highlighted the simmering trade dispute between NZ and Canada over the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
New Zealand initiated the dispute because Canada was not complying with CPTPP rules, blocking dairy exporters' access to its market.
A CPTPP arbitration panel ruled decisively in New Zealand's favour. Canada had until 1 May to change how it administered its tariff quotas - to stop giving its own domestic industry priority access, and to allow exporters to benefit fully from the market access negotiated in good faith between Canada and New Zealand.
McClay says NZ takes its trade obligations seriously and expects other countries to do the same.
"Canada is a great friend of NZ, we work together well around the world, but they must deliver on their obligations," he says. "And on your behalf the government reserves the right to use any instrumental at our disposal."
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
The chance of a $10-plus milk price for this season appears to be depleting.