New Zealand moves towards reconnecting with the world, 62% of the business leaders surveyed in the NZ Herald’s “Mood of the Boardroom” say they are not satisfied with the government’s plan for reopening the country. International business is being lost due to border difficulties.
So the NZ economy again looks likely to be propped up by the primary sector. On that front, the news is positive. International markets are exhibiting strong demand for our products, with the result that export prices are even more buoyant than seemed likely just three months ago.
Lamb is fetching record prices and dairy, despite some earlier predictions that global production would push down prices, has moved in the other direction, to the extent that Westpac senior agri-economist Nathan Penny this week raised his forecast for Fonterra’s farmgate milk price this season by 75c to $8.50kg/MS. That would surpass the co-operative’s previous record high of $8.40kg/MS paid in the 2013/14 season. . .
The animal showing circuit has been left devastated by the cancellation of the Canterbury A&P show.
Organisers of the country’s largest A&P show made the decision today to cancel next month’s event.
It’s the second year the show has been cancelled due to Covid-19 restrictions.
The show which attracts about 100,000 people over three days is the main showing event for many farmers and breeders around the country. . .
A Levin vegetable grower says demand for Asian greens has increased by nearly 400 per cent in the last couple of years.
Woodhaven Gardens has grown some asian greens for about 20 years but ramped up plantings four years ago after seeing growing demand in the market.
Company director Jay Clarke said they grew Shanghai bok choi, pak choi, wombok or chinese cabbage, saigon turnip and coriander.
“We started with some trials and things have really taken off, we’ve seen some of our traditional lines coming back in volume and becoming less popular things like green cabbage and iceberg lettuce but the shanghai bok choi, wombok and saigon turnip have really grown in popularity,” Clarke said. . .
A year of significant challenges across the red meat sector has not dampened the performance of southern meat processor Blue Sky Pastures, delivering an improved performance on the previous year with the release of its 2021 Annual Report.
In the 12 months to 30 June 2021, the business generated a profit of $5.3 million before tax, an increase on 2020’s $4.2m. It resolved to pay a dividend of 5 cents per share.
Blue Sky Pastures CEO Jim Goodall, having stepped into his new role at the beginning of July, said the result was pleasing, given the 2020 year had been a 15-month season. . .
Livestock Improvement Corporation (LIC) has published its first Sustainability Report.
In the report, LIC Chairman Murray King says unlike other companies that can only make a difference through the business choices they make, LIC is able to do some of the heavy lifting on sustainability for the industry too.
In addition to meeting LIC’s annual reporting requirements as a member of the Sustainable Business Council, the report demonstrates how LIC is responding to sustainability challenges facing New Zealand dairy farmers and the critical role it plays in helping them meet their own sustainability goals. . .
Congratulations to Peter Russell from Matua Wines for becoming the 2021 Tonnellerie de Mercurey Marlborough Young Winemaker of the Year.
Peter was defending the title so was delighted to win the Marlborough competition for a second year in a row. He will now focus on taking out the national title when he competes against finalists from Central Otago and the North Island at the National Final which will be held later in the year.
“I’ve received lots of messages from other contestants and members of the wine industry and I feel grateful to be part of a such a supportive community” says Peter “I’m extremely looking forward to taking part in the national final.” . .