Kiwis returning to work after their summer breaks and scanning the economic horizon may find few encouraging signals. Even the agricultural sector, which proved to be the mainstay at the height of the Covid pandemic, is now having to navigate the inflation raging in the domestic sector.
As well, as Point of Order noted at the beginning of December, NZ exports have been hit by falling world prices and a rising NZ dollar. It was a sharp reversal from earlier in the year when ANZ Bank was reporting its commodity price index had returned to its record breaking run and stood nearly 20% above the level where it had been 12 months previously.
So there may have been a glimmer of light in the latest Fonterra GDT auction at which 31,872 tonnes of dairy product was sold at an average price of $US3,393 ($NZ5,280) a tonne,only 0.1% lower than at the previous auction, when prices fell 2.8%.
The key product of WMP was 0.1% higher at $US3,218 a tonne, while cheddar also rose, by 4% to $US4,871. . .
Bumpy ride ahead for dairy sector in 2023! – Sudesh Kissun :
Be prepared for a bumpy ride in 2023.
That’s the message from Federated Farmers vice president and Golden Bay dairy farmer Wayne Langford.
With the first Global Dairy Trade (GDT) auction of 2023 recording a drop in all seven products on offer, Langford says the milk price is facing significant pressure.
Add to this soaring interest rates, high input prices, a shortage of staff and a possible global recession, Langford says farmers are facing “challenging headwinds”. , ,
Southland-raised student revelling in studies – Sally Rae :
Emma Blom describes herself as a curious learner.
When she enrolled to study a bachelor of environment and society at Lincoln University, it was more about satisfying her curiosity than getting a job, she said.
Miss Blom (20) was recently announced as the first recipient of the Align Farms agriculture scholarship which covered a year’s tuition for a student enrolled in a food and fibre related undergraduate programme.
Canterbury-based Align Farms said it had many “amazing” applicants, but Miss Blom’s passion and active and diverse involvement in the agriculture industry made her a stand-out candidate. , , ,
Could the actual super food be … a cheese sandwich ? – Jacqueline Rowarth :
Dr Jacqueline Rowarth is an adjunct professor at Lincoln University, has a PhD in soil science (nutrient cycling) and is a director of Ravensdown, DairyNZ and Deer Industry NZ.
OPINION: Those of us of a certain age remember the idea from school and the importance of fresh fruit and vegetables in the diet.
Since then we’ve had 5+ a day and the food pyramid. But consumption continues to be lower than recommended and results from a survey by Research First released in October gives price as “often the justification”.
The confirmation from Stats NZ that we’ve hit a 32-year record, 11.3% food price inflation for the year ended December, supports the justification. . .
TradeWindow (NZX: TWL), has confirmed an agreement to provide their Cube global trade platform solution to leading New Zealand meat producer Silver Fern Farms Ltd.
CEO AJ Smith says the scope of the new agreement means long standing customer Silver Fern Farms will be one of TradeWindow’s largest customers by revenue. Most of this will be generated through the new generation Cube global trade platform, rather than Prodoc, which the meat company has historically relied on.
Silver Fern Farms is a major exporter of natural grass-fed New Zealand lamb, beef and venison. It operates a network of 14 processing plants across New Zealand and generates annual revenues of around $3 billion from sales to over 60 countries and regions. Major markets include US, China, UK, Germany, Dubai, Japan, Hong Kong and South Korea.
“Adoption of the Cube global trade platform by Silver Fern Farms confirms the particular strengths of this solution for primary industry exports where timeliness and quality are critical,” says Mr Smith. . .
In less than three months, 1000+ members of the global avocado community will descend upon Auckland, New Zealand, for the 10th World Avocado Congress, taking place from 2-5 April 2023.
Jen Scoular, CEO of New Zealand Avocado and President of the World Avocado Congress Committee says the number of attendees to date is incredible testament as to how highly regarded the congress is amongst the global avocado community.
“We can’t wait to welcome the brightest minds in avocados to our shores; international growers, researchers, marketers, retailers, tech innovators, investors and more. The congress is an incredible opportunity to showcase our avocados and raise visibility of New Zealand on the world produce stage, while also demonstrating our differentiated story to grow value and volume into developing markets,” says Ms Scoular.
“That said, the World Avocado Congress is much bigger than avocados from New Zealand. It provides a once in a lifetime opportunity to sell not just the avocado industry but the New Zealand experience. We want to ensure visitors get a real taste of New Zealand, a flavour for our integrity, our innovation, our openness. How great will Auckland feel with that many people visiting, many who have never been in NZ before, wining and dining in the city?!” . . .