Dairy farmers urged to plan for volatility – Sally Rae:
Dairy farmers need to strengthen their business structures by rebuilding equity in the next price upcycle and further develop flexible production systems that can easily reduce costs when prices fall, a new report from Rabobank says.
The severe price downturn marked the third trough in the past decade and the sector must plan for inevitable future volatility, report co-author and dairy analyst Emma Higgins said.
“Tough decisions will need to be made in the next upward cycle. Farmers will need to make a careful and considered decision whether to put some debt to bed or chase a profit margin through increased investment and spending. . .
NZX celebrated a milestone in the development of its New Zealand milk price futures contract on Friday, with more than one million kilograms of milk solids (kg/ms) traded since the product launched at the end of May.
The total number of contracts traded since launch was 184 at close of trading on Friday. Each contract is worth 6000 (kg/ms), totalling 1,104,000 kg/ms.
The 2016/17 contract has traded at an average price of $4.53, while the 2017/18 average contract price was $5.60. . .
There’s almost no such thing as a ‘community doctor’ anymore, health expert Professor Ross Lawrenson says.
There’s a critical shortage of doctors in small towns across New Zealand, and Waikato University’s Prof Lawrenson wants medical students sent to rural practices earlier to combat the problem.
“The two medical schools did a survey of medical students who were just qualifying, and only two percent of them wanted to live in a community of less than 10,000 population – there’s a real issue there.”
He says the system is at crisis point, and he believes the way doctors are trained is letting down rural communities. . .
Meat and dairy exporters secure largest ever container ship for Asia run – Pattrick Smellie
(BusinessDesk) – The Kotahi joint venture between Fonterra Cooperative Group and Silver Fern Farms is launching a new weekly service to Asian export markets using the largest container ship ever to call at a New Zealand port.
The service will operate through the Port of Tauranga, where a $350 million port expansion and dredging operation will allow visits by a ship capable of carrying more than twice the usual number of containers seen on cargo ships operating through New Zealand.
The new service will see ships with a capacity of 9,500 TEUs – 20-foot container equivalents – calling at Tauranga on their way from the west coast of South America before heading to ports in North Asia. . .
Rabobank New Zealand has announced the appointment of Daryl Johnson to the position of chief executive officer.
Effective immediately, the appointment sees Mr Johnson take over the role from Crawford Taylor, who has served as CEO in an interim capacity since October 2015.
Announcing the appointment, Rabobank New Zealand Chairman John Palmer said the bank was very pleased to have a highly-experienced banking executive of Mr Johnson’s calibre take the helm of the business as it continues its growth and development in the New Zealand market. . .
Chinese representatives visiting from Foshan city will sign a Memorandum of Understanding (MOU) with the Asia Pacific Centre for Food Integrity tomorrow morning at the opening of the Food Integrity Conference 2016.
The MOU is an exciting step for the APCFI to work closely with colleagues in China on food safety education in Foshan. Foshan has a population of more than 7.2million and is the third largest city in the Guangdong province.
This agreement is a huge opportunity for the Asia Pacific Centre for Food Integrity, Executive Director and Conference Organiser, Dr Helen Darling. . .
The opening of two new salmon farms in the Marlborough Sounds today is a welcome development for New Zealand’s aquaculture industry, Environment Minister and Nelson MP Dr Nick Smith says.
“Salmon is a healthy, sustainable and high-value product and we should be proud that New Zealand is the world’s largest producer of farmed king salmon. New Zealand King Salmon’s Marlborough Sounds operation supports 440 jobs and $115 million in annual export earnings, and comes from just 8 hectares of farms in the 800,000 hectare Sounds. No other primary industry is able to support so many jobs and families from such a small area.”
The two new salmon farms in Pelorus Sound, the Waitata Bay farm and the Kopāua farm in Richmond Bay, add to King Salmon’s operating farms in Queen Charlotte Sound. They will eventually take the company’s production from 6000 to 10,500 tonnes per year, and boost earnings to more than $170 million. . .
The ambitious Million Dollar Mouse pest eradication project on remote Antipodes Island in the sub-Antarctic has been completed ahead of schedule, Conservation Minister Maggie Barry says.
A second helicopter drop of rodent bait across the island was finished yesterday afternoon, following a first phase completed on June 29.
“Despite very unsettled weather conditions, the Million Dollar Mouse team have done an outstanding job of making use of every available weather window to get the bait drop completed,” Ms Barry says.
“This is the most challenging pest eradication ever carried out in New Zealand and is a globally significant conservation achievement, safeguarding a unique, remote and forbidding land and the many extraordinary species living there.” . .
(BusinessDesk) – New Zealand lamb flap prices rose to their highest level in a year, driven by increased demand from China where the meat is used in traditional hotpot dishes.
Lamb flap prices rose to US$4.40 per kilogram in June, up from US$4.05/kg in May and the highest level since the first week of June last year, according to AgriHQ’s latest monthly sheep & beef report.
Chinese demand for lamb flaps has helped turn the offcut into a premium cut and lifted the overall return Kiwi farmers can get from their animals. The meat is processed into a lamb roll and sliced thinly for hotpot, the dominant cooking style for lamb and a staple of the Chinese national diet. . .
As demand for New Zealand wine continues to grow in the key markets of the USA, the United Kingdom and Australia, the industry is rising to the challenge. That’s according to Alistair King, Crowe Horwath’s viticulture specialist, who says the outlook is positive, particularly with a plentiful grape harvest for the 2016 vintage.
“The wine industry is targeting a goal of export earnings of $2-billion by 2020; after a poor vintage in terms of volume for 2015 where just 312,000 tonnes of grapes came in, this year is looking considerably better,” he says. . .
Mission Estate, New Zealand’s oldest winery, has further cemented its place on the global wine map by having its Jewelstone Syrah 2013 selected to appear at WINE Explorers’ Grand Annual Tasting 2016.
WINE Explorers is a unique four-year project to take an inventory of all of the wine producing countries of the world. Now in it’s third year, the unprecedented task has seen the WINE Explorers travel to 92 countries, visiting 250 winegrowing regions, surveying a total of 1500 vineyards and tasting over 15000 wines. . .