Buttery prize
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A deepening trade spat between China and Australia shouldn’t impact New Zealand, according to trade analyst Stephen Jacobi.
Covid-related uncertainty continues to affect global dairy markets but strong demand from China is helping New Zealand farmers.
New Zealand trade officials are watching the escalating trade war between the US and China with mounting concern and anxiety.
After investing over $1 billion and following 10 years of poor returns, Fonterra has agreed to sell its China farms for $555 million (RMB ¥2.5 billion).
Whether 28,000 dairy cattle destined for China, and currently held in quarantine, actually get to their destination is up in the air.
The fate of 28,000 cows in quarantine in New Zealand and supposedly destined for China in the coming weeks hangs in the balance.
New Zealand should be carefully watching the unfolding trade war between Australia and China, says trade expert Stephen Jacobi.
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