Fonterra on the eve of disruption – Fran O’Sullivan:
Fonterra chief executive Theo Spierings’ challenge ‘build windmills not walls’ is galvanising the dairy co-operative, writes Fran O’Sullivan.
Theo Spierings’ leadership has been tested as he re-engineers New Zealand’s biggest business during the tough times of a lengthy global commodity slump.
The story of how NZ dairy farmer incomes have plummeted, the company’s staff numbers have been slashed and hard calls made with its suppliers is well-traversed.
But behind the scenes there has been a fundamental refocusing of the company’s strategic operations which Spierings expects will result in a “strong picture” when he unveils Fonterra’s financial results late next month. . .
Value-add products need a point of difference – Keith Woodford:
[This article was commissioned by the NZ Herald. It was written on 8 August 2016 and published on 31 August 2016. Since being written, some 24 days ago, we have seen substantial increases in dairy commodity prices, and in the short term (i.e. the forthcoming GDT dairy auction on 6 September GMT, and possibly subsequent auctions) these increases are likely to continue. However, the fundamentals remain unaltered; i.e commodities are highly volatile and will remain so, but there are also many traps for the unwary along the value-add path.]
There is increasing recognition within New Zealand that the dairy industry is in some trouble. Heading into a third year of low prices, questions have to be asked whether the industry is on a false path. And if so, where is the path back to firm ground?
Some will argue that the answers are simple: that we should reduce the dairy footprint on our land, and that we should focus on value-add. In reality, it is not that simple.
For those who live in the cities, it is easy to miss the importance of agribusiness to the overall economy. Much of New Zealand’s economic growth of the last 15 years is a direct consequence of a bountiful economic environment for agriculture in general and dairy in particular. . .
A lobby group representing New Zealand’s biotech industry fears further changes around the way genetically modified organisms are regulated could potentially force companies and scientists to shift overseas.
The High Court has upheld the Environment Court’s decision that local councils can have control over use and release of genetically modified organisms in their district.
The ruling was based on an appeal by Federated Farmers, which argued the release of GMOs was already regulated by the Environmental Protection Authority and local councils were not qualified to make such decisions.
But lobby group NZBIO chief executive Will Barker said the decision would come as a blow to the industry. . .
A ceremony steeped in tradition was held in Nelson today to celebrate the launch of a boat that will change the face of commercial fishing in New Zealand.
The state-of-the-art vessel has been built for Tauranga-based fisherman Roger Rawlinson, of Ngati Awa descent. It has been named Santy Maria after his mother, who started the business with his father Bill more than 25 years ago.
The Santy Maria is the first vessel in Moana New Zealand’s $25-30 million fleet renewal project. It has been designed by Australian company OceanTech, with the technical expertise and vast fishing experience of Westfleet CEO Craig Boote, and constructed to the highest specifications by Aimex Service Group in Nelson. . .
The seafood industry continues to show strong growth with export earnings reaching $1.78 billion in the year to June, Seafood New Zealand’s Executive Chairman George Clement said today.
Speaking at the seafood industry’s annual conference, George Clement said the June result was an increase of $201 million on the same time last year, ”further demonstrating that we continue to make a significant contribution to the economy as one of the country’s main export earners,” he said.
“Last year industry accepted the Government’s aspirational goal of doubling export revenues by 2025 and we are on the growth path to achieve this,”
he said. . .
The thirsty truth about avocados – Mitch McCann:
From Instagram to Pinterest, this is the golden age of avocados.
They’re so popular, the New Zealand industry’s earnings have doubled in the past three years.
Earlier this year avocado prices skyrocketed to around $4.50.
But now you can grab one for less than $2.
That’s because we’re into a bumper season, which may end up being New Zealand’s biggest ever.
But growing avocados takes a lot of water – much more than for things like potatoes, tomatoes and lettuce. . .
Seeka Kiwifruit Industries (NZX-SEK), New Zealand’s and Australia’s largest kiwifruit grower, today announced the purchase of the Kiwi Crush and Kiwi Crushies product ranges from Auckland based Vital Food Processors Ltd (Vital Foods) for an undisclosed sum.
Kiwi Crush is a range of 100% natural kiwifruit based drinks that have since the early 1990s helped New Zealanders support and balance the digestive system. . .
Two big names in the wine industry will be the hosts of the first-ever F.A.W.C! Masterclasses, at the Hawke’s Bay Wine Celebration.
A must-do event for wine lovers, when the cellar doors of 38 of the region’s finest wineries come together – the Hawke’s Bay Wine Celebration is being held in Auckland and Wellington next month. This is a unique opportunity to meet the winemakers while sampling award-winning wines. The event will showcase 50 Chardonnays, 38 Syrah, more than 30 Merlot Cabernet blends, as well as aromatic Riesling and Gewurztraminer through to newcomers Albarino, Tempranillo and luscious dessert wines. . .