NZ Beef Mince Now Over $24/kg as Export Demand Stays Strong
New Zealand consumers are paying more for beef mince than ever before, with the average retail price now sitting above $24 per kilogram, according to Rabobank.
OPINION: The Hound hears that international fast food chain McDonalds has quietly ended its brief and underwhelming experiment with plant burgers.
After rolling out a patty made of vegetables in hundreds of its stores across the US in early 2022, the world's most profitable burger chain has pulled the pin on the fake burger.
The McPlant - a pea, rice, and potato mixture that mimicked the flavour and texture of beef - was hailed in marketing as a saviour to the impending climate disaster.
However, the only disaster was financial and in early August - a mere six months after its launch - McDonald's stopped producing the 'animal-free' burger, which used a fake beef patty from Beyond Meat.
Apparently, it was rolled out in roughly 600 stores in February to gauge customer demand, but McDonald's American customers voted with their feet.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.

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