Nimble New Zealand exporters finding opportunity amid shifting trade terms
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The UK has recorded its first trade surplus for dairy.
According to the Agriculture and Horticulture Development Board (AHDB), the UK trade balance for all dairy products was positive in volume terms in 2019.
AHDB says there was a surplus of 95k tonnes of product, resulting in the first trade surplus on record since records began in 1997.
Skim milk and buttermilk recorded the largest improvements in the trade balances.
AHDB says the improvement in the trade balance for skim milk is a “direct result” of shifting trade patterns across the Irish border, whereas buttermilk’s trade balance was influenced by reduced shipments from France, Belgium and Germany.
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Cheese, yoghurt, and butter are still trading at a deficit, despite some growth in butter and cheese.
AHDB says the power trade surplus increased and the cream trade shifted from a trade deficit in 2018 to a surplus in 2019.
In value terms, there was still a trade deficit, however it has reduced since 2018, with the value of exports growing and the value of imports shrinking.
AHDB says butter was a large contributor to the improvements to the trade deficit, thanks to reduced imports in 2019 and lower prices making the volume deficit worth less overall.
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The long running trade dispute between NZ and Canada appears to be over.
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
There's been widespread support from the primary sector for the Government's move to put the brakes on local authorities to do any more work on planning changes ahead of major changes to the Resource Management Act (RMA).
Rural health advocates say the Government's decision to establish a new medical school at the University of Waikato augurs well for the rural sector.
People affected by the recent two severe flood events in the Tasman district are weary and exhausted trying to deal with the devastation on their farms and orchards, according to the head of the Rural Support Trust (RST) in the region.
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