As the 2018-19 meat export season begins, Beef + Lamb New Zealand’s (B+LNZ) New Season Outlook 2018-19 report forecasts beef, lamb, and mutton prices to remain firm at historically high levels, helped by an expected weakening New Zealand dollar and strong export demand.
“We forecast slight increases in farm-gate prices for lamb and mutton in 2018-19, as prices are expected to remain relatively steady in New Zealand’s main export markets and benefit from an expected easing of the New Zealand dollar,” says B+LNZ Chief Economist Andrew Burtt. . .
NZ sheep & beef farm profits forecast to slip as expenses rise – Tina Morrison:
(BusinessDesk) – New Zealand sheep and beef farm profits are expected to decline in the coming year as higher spending outweighs a lift in revenue from the products they sell.
The average farm is expected to earn a pre-tax profit of $129,700 in the June 2019 year, down 2.8 percent from a pre-tax profit of $133,500 in the 2017/18 year, according to industry group Beef+Lamb New Zealand. . .
China is the key market for New Zealand sheep meat – Keith Woodford:
Some weeks back I wrote how the New Zealand sheep industry is in a sweet spot, with record prices. I also wrote that China is now easily our largest sheep meat market by volume. Here I share the story of some of the things that have been happening in that market, and how demand for New Zealand sheep meats has potential to further increase.
The starting point is to recognise that China’s own sheep industry is much bigger than New Zealand’s. Whereas New Zealand has about 27 million sheep, China has about 150 million. However, most of these are farmed on arid lands in the west and far north of China, often at high altitude. Much of the product is consumed by the local people and does not reach the big cities. . .
Dry in south but wet up north – Annette Scott:
A mild, dry winter and a good start to spring has set Canterbury farmers up well but there’s concern of a big dry setting in.
Opuha Water chief executive Andrew Mockford said farmers have revelled in the great winter farming conditions but they have not put snow on the hills or water in the lakes and rivers.
While there was rain and just the third snowfall of the season early this month, there has not been enough to maintain the level of South Canterbury’s Lake Opuha. . .
Fonterra is pleased to welcome Brett Henshaw to the Co-operative as Managing Director, Fonterra Brands, New Zealand (FBNZ).
Brett is currently Managing Director of The Griffin’s Food Company and he will take up his role with Fonterra in the first week of December.
Fonterra Chief Operating Officer, Global Consumer & Foodservice, Lukas Paravicini, says “we are excited about Brett joining the team. He has an extensive 30-year career in FMCG and we are pleased he is coming on board. . .
Biosecurity officials are promising to take tough action against cargo vessels believed to be infested with brown marmorated stink bug during the upcoming risk season.
“Each arriving vessel will be dealt with on a case-by-case basis. However, if our officers ultimately determine a ship is infested with stink bug, it will be prevented from discharging its cargo and directed to leave New Zealand,” says Steve Gilbert, Director Border Clearance Services, Biosecurity New Zealand
“We have also introduced a very low threshold for determining contamination. If we find a single bug, we will thoroughly investigate whether the entire vessel is contaminated. . .