Zespri global sales top $5 billion for 2024–25 season amid strong demand
Zespri says global sales for the 2024-25 season topped $5 billion on the back of strong demand and market returns.
The red meat sector welcomes the announcement today that all steps are now completed to enable the Korea-New Zealand Free Trade Agreement to enter into force before the year end.
The Free Trade Agreement (FTA) with Korea is a significant step towards reducing the overall amount of tariffs paid on New Zealand red meat exports.
Tariffs of almost $323 million were paid on New Zealand red meat exports in 2014. A significant proportion of those tariffs were paid in Korea ($64 million) – where applied tariffs are 40% on beef.
The Korea FTA is critical for New Zealand sheep and beef farmers and meat exporters, ensuring New Zealand remains competitive in this key market.
Korea is New Zealand's fourth-largest beef market by volume, taking nearly $123 million of beef exports last year.
However, trade volumes have dropped in recent years, partly due to competitors such as the United States, and more recently Australia and Canada, having a tariff advantage through their FTAs with Korea.
New Zealand red meat exports will benefit from two rounds of tariff cuts in quick succession – the first on entry-into-force of the agreement on 20 December, and a second round of cuts on 1 January 2016.
Beef + Lamb New Zealand (B+LNZ) and the Meat Industry Association (MIA) work together to improve access for sheep and beef products to overseas markets, including by providing in-depth analysis in support of the Government's FTA negotiation efforts.
A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.
Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.
OPINION: The case of four Canterbury high country stations facing costly and complex consent hearing processes highlights the dilemma facing the farming sector as the country transitions into a replacement for the Resource Management Act (RMA).
The 2024-25 season apple harvest has “well and truly exceeded expectations”, says Apples and Pears NZ chief executive Karen Morrish.
Through collaborative efforts with exhibitors, visitors, and industry partners, Fieldays says it is reaffirming its commitment to environmental responsibility with new initiatives for 2025.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
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