Rural round-up

January 16, 2019

SIT plans takeover of Telford – Giordano Stolley:

The Southern Institute of Technology (SIT) will submit a proposal to Education Minister Chris Hipkins to take over operations of the troubled Telford agricultural training campus in Balclutha.

A statement from the Clutha District Council yesterday afternoon quoted SIT chairman Peter Heenan as saying that he was “encouraged by the support from all parties at the meeting for SIT to pull together a proposal for the minister’s consideration”.

Mr Heenan made the comments at a meeting at the district council offices.

While the statement provided no details of the the proposal, Clutha Southland National Party MP Hamish Walker, said: “They [SIT] are looking to take over operations at Telford.” . . 

Funding call for Telford training farm campus staff:

The Clutha community is trying to raise funds for staff at a financially troubled rural training campus, mayor Bryan Cadogan says.

Dozens of staff at Telford agricultural training campus near Balclutha are stuck without pay while their employer’s future is decided.

The Telford training farm in South Otago is part of the Taratahi Institute of Agriculture, which was placed in interim liquidation late last year.

More than 30 tutors and support staff at Telford had their wages suspended on Friday. . .

Synlait plant registration renewed – Sally Rae:

Synlait has successfully renewed the registration of its Dunsandel plant, allowing it to continue exporting canned infant formula to China.

The registration was issued by the General Administration of Customers of the Peoples’ Republic of China (GACC).

Synlait chief executive Leon Clement said GACC had strict criteria that overseas manufacturers must meet to maintain registration.

New pasture legume hard to fault – Jill Griffiths:

THE PERENNIAL forage legume tedera is on track for commercial release in 2019. Dr Daniel Real, Department of Primary Industries and Regional Development (DPIRD), said difficult seasonal conditions in Western Australia this year had provided the perfect opportunity to demonstrate the potential value of tedera.

“Rain at the end of February created a false break,” Daniel said. “All the annuals germinated but then died, and the dry autumn left nothing in the paddocks. The annuals were non-existent but the tedera was looking good.”

Tedera (Bituminaria bituminosa var. albomarginata) is native to the Canary Islands and was brought to Australia in 2006 through research conducted under the auspices of the Future Farm Industries Cooperative Research Centre. . . . 

Deliberate food contamination needs harsher penalties:

A recent member’s bill which seeks to introduce harsher penalties and offences is good to see, but any action from it will have to be funded and resourced adequately to have any real impact, says Federated Farmers.

The bill is from National’s Nathan Guy and it comes in the wake of last year’s Australian strawberry needle scare which triggered copycat offences here and back over the ditch, says Feds Food Safety spokesperson Andrew Hoggard.

Thousands of strawberries had to be destroyed as needles started showing up in the fruit across stores. The needle scares crushed spirits and trust. . .

How one innovative company is using bees to protect crops from disease – Nicole Rasul:

Billed as an “elegant solution to a complex problem,” Bee Vectoring Technology, or BVT, is a Toronto-based startup that is using commercially reared bees to provide a targeted, natural disease management tool to a range of agricultural crops.

The bumblebee, one of nature’s hardest workers, is the star of the BVT method. Hives that contain trays of powdered Clonostachys rosea CR-7, which the company describes as “an organic strain of a natural occurring endophytic fungus… commonly found in a large diversity of plants and soils all around the world,” are placed near a fledgling field. . .

Cheaper to get your 5+ a day at the end of 2018:

Avocados and lettuces were much cheaper than the previous summer, but egg prices hit a record high in December 2018, Stats NZ said today.

“Overall, getting your five-plus (5+) a day servings of fruit and vegetables was cheaper in 2018,” consumer prices manager Geraldine Duoba said. Fruit prices were 3.8 percent lower in December 2018 than in December 2017, while vegetable prices were 7.5 percent lower.

“Bad weather in 2017 reduced the supply of many vegetables, pushing up their prices,” Ms Duoba said. “Growing conditions were mostly more favourable during 2018, boosting supply and lowering prices.” . .


Rural round-up

September 13, 2016

Producing more and more milk not New Zealand’s future: Landcorp head:

The chief executive of Landcorp, Steven Carden, on TV One’s Q+A programme says the business is reviewing all land conversions and looking for alternate uses for land that are economically more viable, and environmentally more suitable, than dairy farming.

“I think if you look at Landcorp – and we farm throughout the country – we are looking at all of our land portfolio and thinking, “What is the right land use for it?” And I think what we’ve found is that we can’t really find dairying as the justified new additional land-use conversion option,” he told Corin Dann.

“So we are looking at alternatives. I think New Zealand can sustain a few more cows, so long as there are the farm systems set up to do that. So people are looking at herd homes and other farm infrastructure which would require us to farm quite differently but allow us to produce more milk. Having said that, that’s not our future, I don’t think, as a primary-sector country, to just produce more of a commodity product like milk, necessarily.” . . 

Rustlers slit pet cow’s throat, take legs for meat – Phillipa Yalden:

The grisly slaughter of a pet dairy cow that was dismembered for meat has left a South Waikato farming couple fearful.

Thieves armed with a gun and knives broke into Bev and Trevor Bayly’s 172-hectare farm early one morning and slit the throat of their “friendly” Jersey.

When attempts to shoot the cow dead went wrong, the rustlers took to the animal with knives, cutting off the legs before leaving the carcass behind at the property between Wharepapa South and Arohena, near Putaruru. . . 

Shanghai Maling bid to buy Silver Fern Farms stake under consideration by Upston, Bennett – Tina Morrison:

(BusinessDesk) – New Zealand’s Overseas Investment Office has sent its recommendation on a proposal for China’s Shanghai Maling Aquarius to acquire a half stake in Silver Fern Farms, New Zealand’s largest meat processor, to the relevant government ministers for a decision.

Land Information Minister Louise Upston and Associate Finance Minister Paula Bennett received the documentation from the Overseas Investment Office last week, and are now considering the application, spokesman Harley Thorpe said. The Ministers are aware of the Sept. 30 deadline Shanghai Maling and Silver Fern Farms had set for the deal and have that in mind, he said. . . 

Boom time for ag robotics:

Robots and drones have already started to quietly transform many aspects of agriculture. And now a new report is predicting the agricultural robotics industry, now serving a $3 billion market, will grow to $10 billion by 2022.

The report, by IDTechEx Research in Britain, is called Agricultural Robots and Drones 2016-2026: Technologies, Markets, and Players. It analyses how robotic market and technology developments will change agriculture, enabling ultra-precision farming and helping address key global challenges.

It describes how robotic technology will enter into different aspects of agriculture, how it will change the way farming is done and transform its value chain, how it becomes the future of agrochemicals business and modifies the way we design agricultural machinery. . . 

Helicopter’s beacon leads to farm rescue :

The pilot of a weed-spraying helicopter used his emergency locating beacon to raise the alarm about a seriously injured farm worker in the central North Island.

The pilot was about to start his spraying job on a farm near Ohura, west of Taumarunui, on Monday when he noticed a man on the property had apparently fallen from his horse. . . 

Lake snot the ‘new didymo’ :

Lake snot will have to be treated like a new didymo, says the Otago Regional Council, which has begun a two-year study into the spread of the algal slime.

The slime – also known as lake snow – was first found in Lake Wanaka in 2004, and has since been found in Lake Coleridge and Lake Wakatipu.

The lake snot has clogged up fishing lines, boat intakes and Wanaka’s laundromats, and has led the Queenstown Lakes District Council to install a filter on the Wanaka town water supply. . . 

Lamb day-care proves a hit:

A primary school north of Auckland has seen its roll surge in recent weeks with the opening of an unusual daycare.

Waitoki School near Kaukapakapa has built a daycare pen for lambs and is encouraging its 90 pupils to fill it with their own woolly companions.

“We have about seven to nine lambs on site at the moment. The kids bring them along and it’s their job to raise them, look after them and feed them,” said the school’s principal Chris Neison.

The lamb daycare was built in mid-August by a team of teachers, parents and grandparents. . .

Native Tree Plan Shows Positive Face of Scion’s Research:

The commercial propagation of indigenous trees in Ngati Whare’s new nursery in Minginui is an exciting development for all New Zealand and shows the benefits of ethical research that does not require release of genetically engineered (GE) organisms into the environment. [1]

Scion has been helping with the project by developing vegetative cuttings using leading edge technology that reflects community values. Ngati Whare and Scion are to be congratulated. This shows the acceptable face of Scion’s work and does not involve transgenic organisms or genetic engineering. Scion had earlier success with the propagation of seeds from the rare taonga plant Ngutukākā (white kaka beak), which have been planted on the ancestral lands of Ngāti Kohatu and Ngāti Hinehika. [2] . . 

Minister Goodhew on food safety visit to China:

Food Safety and Associate Primary Industries Minister Jo Goodhew will travel to China today for bi-lateral meetings and to open a new Fonterra dairy facility in the Shanxi Province.

“The relationship between New Zealand and China has never been stronger, and it is crucial for our economy that we maintain that strong relationship in food safety,” says Mrs Goodhew.

While in Beijing, Mrs Goodhew will meet with Vice Minister Teng Jiacai of the China Food and Drug Administration (CFDA) for the third Joint Food Safety Commission meeting, to build upon the shared goal for increased communication and cooperation between the two countries. . . 

Events to help make the most of ‘money months’:

DairyNZ’s Tactics for Spring events kicked off in the Waikato last week, aimed at helping farmers manage their pasture during the most productive time of the year on-farm.

The nationwide events are taking place in September and October, the beginning of the ‘money months’ when more pasture will be grown and more milk produced than any other time of the year.

With uncertainty around where milk prices will go DairyNZ research and development general manager Dr David McCall is urging farmers to focus on what they can control. . . 

Image may contain: text

The most memorable days end with the dirtiest clothes.

(that’s not a job that usually dirties clothes and I’m not sure why he’s using a ladder).

New winery future-proofs Rockburn Wines in Central Otago:

After leasing premises at the industrial McNulty Road site for 10 years, the team at Rockburn Wines recently completed their first vintage at their new winery in Ripponvale Road, Cromwell.

The award-winning producer acquired the existing winery site in September last year to meet increasing demand and future-proof its operation.

“Due to rapid growth and remarkable popularity of our wines, we were forced to outsource some processes in previous years due to capacity shortfalls. We’re very pleased to bring everything back under one roof from this vintage onwards. The old McNulty Road winery was getting near breaking point and we’re thrilled to have found a site at Ripponvale Road that sets us up for further growth,” says Paul Donaghy, General Manager of Rockburn Wines. . . 


Negative TB test doesn’t mean no TB

June 7, 2016

The headline says: Otago dairy herd to be slaughtered after one cow tests positive to tuberculosis.

It sounds like the farmer has no choice and that Ministry for Primary Industries is being unfair.

But he does have choices and the MPI is doing what the law requires and empowers it to do – keeping food safe and people healthy.

Only one cow has tested positive for TB but that doesn’t mean the rest of the herd is clear.

We had some cows test positive for TB a few years after we started dairying. All were slaughtered and vets who examined the carcasses found some, but not all of them had the disease.

The herd was tested again, any cows that were positive were killed and again some had TB and some didn’t.

Eventually the herd got several clear tests in a row but a couple of years later we had another cow test positive for TB.

We went through the culling and testing again until we got the all-clear.

More than a year after that a cow from our original herd dried herself off, was culled and sent to the works. There the vet found she was riddled with TB. She had been tested before we bought the herd, tested again several times on our farm but not once did she react positively.

A vet told us that was because she was too busy fighting the disease to react to the test.

Our milk is pasteurised so there was no danger to anyone if it was infected with TB.

The farmer in the story sells raw milk which is why MPI has said he must stop. TB tests aren’t 100% reliable and there is a risk that another cow in the herd could have the disease and pass it on to people through milk unless it’s pasteurised.

The farmer isn’t without choices, he doesn’t have to kill his cows. He can’t keep selling raw milk but he could get it pasteurised. He could also sell the herd (although the cows will only be on movement control which means they can only be moved to another property owned by the farmer or to slaughter);  but that’s not what the headline suggests.


Rural round-up

November 16, 2015

Fonterra increases forecast earnings per share range:

Fonterra Co-operative Group Limited is increasing its forecast earnings per share range for the current financial year to 45-55 cents. With a forecast Farmgate Milk Price of $4.60 this lifts the total available for payout to $5.05-5.15 per kgMS and would currently equate to a total forecast cash payout of $4.95-5.00 per kgMS after retentions.

Fonterra is also increasing the rate at which farmers are paid the Co-operative Support of 50 cents per kgMS, with the total amount paid up to December going from 18 cents to 25 cents.

Chairman John Wilson said performance in the period 1 August – 31 October 2015 built on the strong second half of the 2015 financial year. . . 

95pct of rats killed by 1080 drops – Dave Williams:

New Zealand’s biggest pest poisoning programme killed 95 percent of the rats it went after and more evidence shows forests are better off after 1080 drops, scientists say.

The New Zealand Ecological Society 2015 Conference is being held at the University of Canterbury this week and one focus is on the use and effects of 1080, or sodium fluoroacetate.

The toxin has been widely used for pest control in New Zealand since the 1950s – possums are a target because they spread tuberculosis – but critics say it kills more than just pests. . . 

Kiwi inventions set to revolutionise horticulture industry 5:

Two giant hot-air blowers are being trialled in South Island vineyards and cherry orchards to fight off severe spring frosts. 

The Kiwi invention could protect crops and transform the horticulture industry.

The blowers stand five metres tall and blows out warm air like a giant blow drier.

Known as the Heat Ranger, it’s one of two machines being put to the test in Otago and North Canterbury. . . 

Speech to DRC Food Security and Food Safety Strategy Summit – Nathan Guy:

Distinguished guests,

It is my pleasure to speak here today. I want to thank the Development Research Centre (DRC) for inviting me here to participate at this Summit.

Today I will discuss the role that New Zealand, as a regional partner in the Asia Pacific, can play with China in meeting the challenges of food security and food safety.

As China liberalises its economy and raises living standards, its demand for raw materials and food for its 1.3 billion population will have a significant impact on global agricultural markets.

All agricultural producing nations have an interest in a strong China. As China looks to move away from a solely manufacturing-driven economy to one propelled jointly by agriculture, manufacturing and services, New Zealand can be a practical partner to support this change.

Background on NZ

We have a lot to offer because we are an agricultural and food producing nation.

The wider primary sector – including agriculture, horticulture, forestry and fisheries make up around three quarters of our merchandise exports. . .

AsureQuality first in World to Issue an Accredited FSSC22000-Q Certificate:

Food safety assurance provider AsureQuality is the first Conformity Assessment Body (CAB) in the world to be both accredited to the new FSSC22000-Q scheme, and to issue accredited FSSC22000-Q certification to a customer.

First published in February this year by the Foundation for Food Safety Certification, FSSC22000-Q gives organisations the option to have their Food Safety and Quality Management Systems certified under one certification, by way of one integrated audit rather than individual FSSC22000 and ISO9001 audits.

The first dairy site in the world to gain FSSC22000-Q certification is Fonterra’s Te Awamutu site, with other Fonterra sites awaiting certification. . . 

World first for Fonterra:

Fonterra Te Awamutu has become the first site in the world to be awarded the newly created Food Safety System Certification 22000 – Quality, an internationally recognised food safety accreditation.

Where previously food safety and food quality have been audited and assessed separately, the new certification gives companies the option of combining their food safety and quality management systems into one certification. This provides customers with the assurances of international best-practice in both food safety and quality.

Fonterra Director New Zealand Manufacturing Mark Leslie said this highlights the Co-operative’s commitment to producing the highest quality dairy nutrition and world-leading service. . . 


Arrest for 1080 milk powder threat

October 13, 2015

A man has been arrested on charges relating to last year’s threat to contaminate infant formula with 1080:

New Zealand Police have arrested a 60-year-old Auckland businessman in relation to the criminal blackmail threat to poison infant formula with 1080, made public in March this year.

The man is appearing in the Counties Manukau District Court this afternoon on two charges of criminal blackmail, relating to threat letters sent to dairy giant Fonterra Cooperative Group and Federated Farmers in November last year. Blackmail is punishable by up to 14 years in jail.

The arrest follows the execution of five search warrants in Auckland and the Rangitikei district this morning.

Police Commissioner Mike Bush said today’s arrest follows a long and complex 11-month investigation, that has cost over $3 million and involved a 35-strong investigation team.

“This investigation is one of the biggest undertaken by police in recent times and reflects how seriously we view this kind of crime,” he said.

The Operation Conchord team had used a range of forensic techniques in gathering evidence, some that were innovative and could be used in future investigations, he said.

It’s believed the arrested man was acting alone and no further arrests are expected though Bush said he couldn’t comment on his motivations for the threatened blackmail.

More than 2,600 people were considered by the investigation team over the course of the enquiry.

Ministry for Primary Industries chief executive Martyn Dunne said the safety of consumers was paramount during the investigation. . . 

This is weclome progress in the case and police deserve credit for the work that must have gone into gathering evidence.

MPI and others involved in ensuring infant formula is safe have also done good work.


Rural round-up

April 10, 2015

No 1080 found in 100,000 plus tests:

The Ministry for Primary Industries has carried out more than 100,000 tests since a threat to contaminate infant formula but none has detected any trace of 1080, it says.

It is almost a fortnight since the deadline imposed by a blackmailer threatening to contaminate infant formula with the pesticide.

The ministry began its testing in mid-January, after the threat was made. . .

Dairy farm’s boss has eye for talent – Sue O’Dowd:

The 2015 Taranaki Farm Manager of the Year is on track for his second record production season on a Central Taranaki dairy farm.

Lance Chadwick is in his second season as manager of a 115ha (effective) Toko property owned by farm consultant Brendan Attrill and wife Susan Mundt.

Chadwick’s win is also the second successive Taranaki Dairy Awards title with which Attrill has a connection.

The 2014 Taranaki and New Zealand Sharemilker/Equity Farmer of the Year winners, Jody and Charlie McCaig, were variable order sharemilkers on the Taranaki Community Rugby Trust Farm supervised by Attrill when they won both titles last year. . .

Stay safe on quads:

Farmers are being urged to take special care on quad-bikes after two fatalities this week. A farmer died on his Wairarapa farm on Tuesday, while a 17-year-old died today on a farm in Kaikohe.

“These two tragic events are a reminder to the farming community that while quad-bikes are a useful tool on the farm, they need to be used safely,” says Francois Barton, Manager of National Programmes at WorkSafe New Zealand.

“Five people died on quad-bikes in 2014 and many were seriously harmed. Using a quad safely comes down to the attitude of the user, their safety practices, making safe choices and using the bike responsibly.” . .

Former rural reporter becomes a dairy farmer in New Zealand Angela Owens and Sally Bryant:

It is not common to hear of young people leaving a successful career to go into farming but it is a move that has worked for one former journalist.

Former ABC Radio journalist Brad Markham worked in rural New South Wales and then became the state political reporter in Tasmania before throwing down the microphone and pulling on the gumboots.

Mr Markham grew up on a dairy farm, but chose a life in media and was having considerable success in that field. . .

Free workshops to up-skill NAIT users:

Farmers are being encouraged to get along to a series of workshops on how to use OSPRI’s National Animal Identification and Tracing (NAIT) programme.

The workshops have been tailored to beef, deer and lifestyle farmers, and will provide a hands-on, interactive two-hour experience using NAIT’s online system.

OSPRI Acting Chief Executive Stu Hutchings said the workshops aim to help new users of the NAIT system and those needing a refresher course. The feedback to date from farmers who have attended a workshop has been overwhelmingly positive.

“The NAIT programme is critical to biosecurity and market access. To be effective, we need all cattle and deer tagged and registered with NAIT as well as up to date data on their location and movements,” said Dr Hutchings. . .

New manager to strengthen DairyNZ’s Forage Value Index:

The addition of persistence and metabolisable energy (ME) traits to the DairyNZ Forage Value Index (FVI) are seen as key targets for Cameron Ludemann in his new role as Forage Value Manager.

Cameron, originally from a mixed farm in mid-Canterbury, joins DairyNZ having submitted his PhD thesis last year at the University of Melbourne.

In his thesis he assessed the value of changes in perennial ryegrass traits for Australian dairy farmers. The work was funded through the Dairy Futures Co-operative Research Centre.

A major component of Cameron’s thesis was the assessment of the value of improvements in the ME concentration trait in perennial ryegrass for Australian dairy farmers. . .

 Final Results in Kiwifruit Grower Referendum Confirmed:

The final results in the Kiwifruit Industry Strategy Project (KISP) referendum have now been officially confirmed by election management company Electionz.

KISP’s independent Chair, Neil Richardson, said that the official results have changed very little from the interim results and now they have been confirmed, the industry’s focus will turn to implementing the recommendations.

“With the official final results showing over 90% support for each recommendation in the referendum, including 97% support for the industry’s single point of entry structure, growers have sent a very clear message to the Government, Zespri, and New Zealand Kiwifruit Growers Inc (NZKGI) on how they want their industry to be structured and controlled. . .

 

 


Rural-round-up

March 27, 2015

Ahuwhenua Trophy finalists announced:

Primary Industries Minister Nathan Guy has congratulated the three finalists in this year’s Ahuwhenua Trophy competition, celebrating excellence in Māori farming.  

Mangaroa Station in Hawke’s Bay and Gisborne, Paua Station north of Kaitaia, and Maranga Station near Gisborne were announced as the finalists for the 2015 Ahuwhenua Trophy BNZ Māori Excellence in Farming award at an event tonight in Parliament. . .

 Can green-lipped mussels be the next heavy lifter? – Keith Woodford:

If New Zealand is to double agri-food exports by 2025 in line with Government targets, then we are going to need some lateral thinking. We won’t get there just by doing more of what we have been doing.

Related to this, in recent weeks I have been giving thought as to whether the green-lipped mussel can be one of the heavy lifters that can get the job done for New Zealand.
The green-lipped mussel is indigenous to New Zealand. The species is found nowhere outside our coastal waters. It is easily identified in the shell by its distinctive emerald green colour. The flesh is also distinctive from other mussels.

Maori would no doubt have harvested green-lipped mussels for many hundreds of years, but most of nature’s mussels are well hidden. In most years there are huge amounts of microscopic mussel spat washed up attached to seaweed on the Northland Coast, particularly on the so-called Ninety Mile Beach. Exactly where it comes from no-one knows. . .

 – Keith Woodford:

A Chinese language report on WeChat –China’s popular social media platform – indicates that the Chinese infant formula market is about to become a lot more price competitive. According to a usually reliable Chinese industry website, the New Hope Nutritional Foods Company is about to introduce a new line of products called ‘Akarola’ which will come from New Zealand and sell for less than one third the price of similar products.

New Hope already has a New Zealand sourced brand called ‘Akara’ which is manufactured and canned by Canterbury-based Synlait. Linked to this, Synlait announced in late 2014 that it was taking a 25 percent share in New Hope Nutritional Foods and that this would create an integrated supply chain from farm to consumers, in line with Chinese Government regulations. . .

Canterbury/North Otago Dairy Awards Winners Determined to Advance in Industry:

The 2015 Canterbury/North Otago Sharemilker/Equity Farmers of the Year, Justin and Melissa Slattery are passionate and determined to advance in the dairy industry – in fact they want to be farm owners before they are 35 years old.

The Slatterys took out the major title and claimed $18,800 in prizes at last night’s 2015 Canterbury/North Otago Dairy Industry Awards annual dinner held at the Airforce Museum of New Zealand at Wigram. The other big winners were Mark Cudmore, the 2015 Canterbury/North Otago Farm Manager of the Year, and James Davidson, the 2015 Canterbury/North Otago Dairy Trainee of the Year. . .

Food Safety Law Reform Bill consultation begins:

Food Safety Minister Jo Goodhew has welcomed the consultation process for the Food Safety Law Reform Bill, which will address the recommendations from the Whey Protein Concentrate (WPC) Contamination Inquiry.

“We have made substantial progress implementing the WPC Inquiry recommendations; however, some recommendations require legislative change,” Mrs Goodhew says.

“The Food Safety Law Reform Bill will address these recommendations and reinforce New Zealand’s reputation as a reliable supplier of safe and suitable food.

“We are seeking feedback from the public and those in the food industry to ensure the proposed changes are usable and practical for all involved.” . .

Red Meat Sector welcomes signing of Korea FTA:

The recently signed Free Trade Agreement (FTA) with Korea will be a significant step towards reducing the overall amount of tariffs paid on New Zealand red meat exports, according to the Chairmen of Beef + Lamb New Zealand (B+LNZ) and the Meat Industry Association (MIA).

Trade Minister Tim Groser signed this week the New Zealand Korea FTA with his Korean counterpart.

“This deal is critical for New Zealand sheep and beef farmers and meat exporters, keeping us competitive in this key market,” said Beef + Lamb New Zealand Chairman James Parsons. . .

 Commerce Commission issues draft determination on wool scouring assets application:

The Commerce Commission has reached a preliminary view that it should allow Cavalier Wool Holdings to acquire 100 per cent of New Zealand Wool Services International’s wool scouring business and assets.

The Commission has today published its draft determination on Cavalier Wool Holding’s application under the Commerce Act for authorisation of the proposed acquisition.

“Our preliminary view is that the proposed acquisition would substantially lessen competition in the North and South Island wool scouring markets, and in the small domestic customer wool grease market. Cavalier Wool Holdings would essentially have a monopoly on the supply of wool scouring services and the supply of wool grease post-acquisition. However, at this preliminary stage, the Commission is currently satisfied that the public benefits of the acquisition would outweigh the loss of competition,” said Commerce Commission Chairman Dr Mark Berry. . .

 


%d bloggers like this: