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NZ IN 4 NATIONS FARMERS CALL T.P.P. AGRICULTURE DEAL

NZ IN 4 NATIONS FARMERS CALL T.P.P. AGRICULTURE DEAL

New Zealand farmers have joined a four-nations call for agriculture’s inclusion in any Trans Pacific Partnership trade deal, at a meeting of negotiating nations in Guam.

The Canadian Agri-Food Trade Alliance, the Australian National Farmers’ Federation, the American Farm Bureau and the Federated Farmers of New Zealand have issued a joint statement at the meeting  saying they are united in calling for a modern trade agreement that includes meaningful and comprehensive market access opportunities for agriculture and agri-food.

They say the TPP region represents 792 million consumers, 40 per cent of world trade and has “coveted status” as an integral part of global value chains.

Trade among TPP partners was valued at over $2 trillion in 2012 and the four-nations farmers group is calling for the elimination of tariff and non-tariff barriers that currently exist among the member countries to promote further growth in the market’s value.

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FONTERRA UNITS DROP TO RECORD LOW

FONTERRA UNITS DROP TO RECORD LOW

Units in the Fonterra Shareholders Fund slipped to a new record low in trading on the NZX after the latest global dairy trade auction results.

The Fonterra unit price dropped 0.4 percent to a new low of close to $4.85 - well under their original issue price of $5.50 in 2012 – following news of another dairy products price fall at the global auction. Fonterra is expected to release details of its forecast farm gate milk price and its guaranteed minimum price offer for 2015/16 season on Wednesday next week.

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ZESPRI SAYS KIWIFRUIT GLOBAL SALES TOP $1.5 BILLION

ZESPRI SAYS KIWIFRUIT GLOBAL SALES TOP $1.5 BILLION

Zespri says its final result for 2014/15 shows the kiwifruit industry is back on track and revitalized with a strong growth outlook ahead.

Zespri Chairman Peter McBride says the last season has been extraordinary, with Zespri’s global kiwifruit sales reaching $1.568 billion, up 16 percent on the previous year.

Zespri sold 69 million trays of Zespri Green Kiwifruit from New Zealand at the highest-ever average per hectare return for the industry of $53,884 and a very strong average per tray return of $6.01.

Zespri’s own net profit after tax for the year is $34.6 million, including more than $13 million of Gold license revenue deferred from prior seasons.

The Board has announced an intention to declare a final dividend of 7 cents per share to take full-year dividends paid to 12 cents per share – up 1 cent a share on last year.

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GLOBAL DAIRY PRICES DIP ANOTHER 2.2 PERCENT

GLOBAL DAIRY PRICES DIP ANOTHER 2.2 PERCENT

Dairy product prices dipped another 2.2 percent at the overnight Global Dairy Auction.

But the key product – whole milk powder – slipped just 0.5 percent and prices for butter-milk powder and lactose both rose.

It’s the fifth global auction in a row where the average dairy product price index has dropped. The price index is now at the lowest point it’s been since August in 2009.

This week’s auction moved more than 26,500 tonnes of products at an average price of US$2,472 a tonne..

Anhydrous milk powder dropped 4.8 percent to US3,337 a tonne

Butter was down 3.2 percent at US$2,911

Butter milk powder – up 3.2 percent at US$1,930

Cheddar – the biggest drop of the sale – down 7.1 percent at US$2,745 a tonne

Lactose – up 0.9 percent at US$580 a tonne

Rennet Casein – down 0.4 percent at US$6,067

Skim Milk Powder – down 3.6 percent – at $1,992

And Whole Milk Powder – down just 0.5 percent at US$2,390 a tonne.

 

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COMMERCE COMMISSION TO REVIEW DAIRY INDUSTRY COMPETITION

COMMERCE COMMISSION TO REVIEW DAIRY INDUSTRY COMPETITION

The Commerce Commission is to carry out a review of the state of competition in the dairy industry.

Primary Industries Minister Nathan Guy and Commerce and Consumer Affairs Minister Paul Goldsmith have asked the Commission to carry out the review.

It’s required under the Dairy Industry Restructuring Act which allowed for the merger of dairy co-operatiuves to form Fonterra.

The Act contains provisions to ensure contestability in New Zealand’s farm gate and factory gate markets.

The Commercial Commission will start work on its review next month and is expected to complete the task in nine months.

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FEDERATED FARMERS HAS 2015 BUDGET WISH LIST

FEDERATED FARMERS HAS 2015 BUDGET WISH LIST

Federated Farmers is calling on the Government to give some recognition to the impact of lower dairy prices and drought in this week’s Budget.

National president William Rolleston says dairy farmers will be facing high provisional tax bills this year, based on last season’s record payout.

He says some relief is justified, given it’s now quite clear their incomes will be going down over the next year.

Federated Farmers is also urging the government to consider tax deductibility for farmers who’ve fenced off water ways and invested in water reticulation schemes to meet new environmental standards, and to make some contribution to farmer-funded water storage projects, given the positive environmental impact they make to river flow management.

The final item on the Federated Farmer’s wish list is for the Government to lift its Research and Development spending by $600 milllion to match the average R&D spend for governments in OECD countries.

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Country TV Announces Increase In Viewers

As of January 19th 2015, Country TV will be watched by an estimated 130,000 people, equating over 40,000 household subscriptions. This hike in viewers will allow an ever-increasing, comprehensive programming schedule to include more local, relevant content, targeting rural-minded individuals around New Zealand.

Accessed through SKY channel 081, Country TV is New Zealand’s only dedicated rural channel, supplying the nation with agribusiness, farming, equestrian and rural lifestyle television. Increasing viewership means a higher volume of up-to-date information about local and international agriculture, farming, gardening, and more – all brought to the homes of rural-loving Kiwis.

The increase in viewers will give Country TV a better idea of which shows are attracting who, an understanding that will open doors for new programs and partnerships to further accommodate the demands of the market. Country TV aims to communicate directly with rural residents and/or those involved in rural industries to better inform and entertain the communities they support, and long term goals include being a part of every such household in New Zealand.

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20150610

Fieldays

Fieldays

Mystery Creek  (Waikato)

This year, Fieldays' theme of Growing Our Capability in Agribusiness explores our industry growth requirements and how to meet those needs, and will feature a new-look site, offering more exhibiting space and a greater level of efficiency and accessibility to enhance the visitor experience.

More info: http://www.fieldays.co.nz/