Editorial: Goodbye 2024
OPINION: In two weeks we'll bid farewell to 2024. Dubbed by some as the toughest season in a generation, many farmers would be happy to put the year behind them.
OPINION: Is the gloss coming off China’s status as the number one export market for New Zealand primary exports?
Last week, the US overtook China as New Zealand’s largest red meat market for April. It was a significant development because China has consistently been New Zealand’s largest meat market since July 2018, except for February 2020 when there was a significant drop at the start of the Covid pandemic.
It’s not only in red meat that China is our biggest market. China is the number one market for our dairy, accounting for nearly one-third of our dairy exports. When it comes to NZ log exports, China accounts for 89% of our total exports.
Speaking at the recent China Business Summit in Auckland, both Prime Minister Chris Luxon and Trade Minister Todd McClay spoke about the ‘China and….’ approach.
China remains a critical element in the Government’s strategy to double export value. With tariff free access for all New Zealand goods into China, and a burgeoning services trade, the economic relationship between the two countries continues to flourish. After all, we were the first country to sign a free trade agreement with China.
But as McClay points out, while NZ remains fundamentally committed to developing trade and economic relations with China, it is also vital that the country works to spread exposure across many markets, pursuing diversification and working hard to open as many doors as possible worldwide.
China’s economic slowdown has caused pain for some NZ exporters. Since Covid, China’s economy has failed to fire on all cylinders, although its economy grew a respectable 5.2% last year.
This underlines the importance of having a diversified export strategy. Such an approach is paying dividends for the red meat sector.
The Government knows that while China will remain a significant market, it must also be committed to a dynamic and energetic approach to the rest of the world and it’s rightly looking to the Middle East and India as potential trading partners.
Confidence is flowing back into the farming sector on the back of higher dairy and meat prices, easing interest rates and a more farmer-friendly regulatory environment.
Ham has edged out lamb to become Kiwis’ top choice for their Christmas tables this year.
Dairy Women’s Network (DWN) has announced real estate company Bayleys will be the naming partner for its 2025 conference.
As New Zealand enters the summer months, rural insurer FMG is reminding farmers and growers to take extra care with a new campaign.
Hato Hone St John is urging Kiwis to have a safe summer this year.
Hawke’s Bay’s Silt Recovery Taskforce has received the Collaboration Excellence Award at the Association of Local Government Information Management (ALGIM) Awards.
OPINION: Before we all let The Green Party have at it with their 'bold' emissions reduction plan, the Hound thought…
OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be,…