NZ red meat sector hits out at US tariff hike
New Zealand's red meat sector says the United States' decision to increase tariffs on New Zealand exports is disappointing.
PRIMARY INDUSTRIES Minister Nathan Guy has finished the first leg of a six-day trip to Sri Lanka and India this week.
With the aim of promoting trade and New Zealand's co-hosting of the ICC Cricket World Cup in 2015, Guy has met with President Rajapaksa and several Sri Lankan Ministers over the last two days.
"Our two countries are building a stronger relationship through the New Zealand-Sri Lanka Dairy Cooperation Arrangement (DCA). The DCA is our commitment to the development of Sri Lanka's dairy industry," says Guy.
"New Zealand has one of the world's most efficient dairy industries, and a lot of valuable expertise to share with Sri Lankan dairy producers.
A range of initiatives are being delivered under the DCA, including a five-year, $2.2 million, New Zealand Aid programme focussed on veterinary education. Other activities focus on improving animal nutrition, extension services, and fostering veterinary exchanges.
"There are only 280,000 cows in Sri Lanka compared with 5 million in New Zealand and they are keen to improve their productivity. Genetics, animal husbandry, feeding techniques and technology can all play a part in this," says Guy.
While in Sri Lanka, Guy also laid a foundation stone at the new Fonterra milk-chilling station in Gampaha. The station will increase the quality of raw milk collected in the area.
Guy says the visit highlighted the rich history of cricket rivalry between both countries.
"Having New Zealand cricket icon Stephen Fleming as part of the delegation has proven invaluable in promoting New Zealand's co-hosting of the Cricket World Cup, and initiating conversations between New Zealand and Sri Lankan businesses.
"This has been a very successful trip to Sri Lanka and I'm pleased to see the close ties between our two countries further strengthened."
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
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