New Zealand sheep farmers, whose fortunes in recent years have been overshadowed by their dairy farmer colleagues, are having a strong season with lamb prices approaching record levels, according to AgriHQ's Monthly Sheep & Beef report for June.
Meat processor and exporter Anzco Foods reported a 90 percent plunge in full-year pre-tax profit in what it said was a tough year for beef processing.
Rod Oram looks at the challenges for New Zealand's red meat farmers in a world where plant-based meat imitations are already being rolled out through US fast foot chains and lab-grown meat is five to 10 years away from mass production.
Rod Oram details the latest in agricultural industry innovation unveiled at a conference in Wellington and looks at whether New Zealand is being too complacent and not investing enough in new technology and systems to fend off the coming disruptions of cellular and urban agriculture.
New Zealand's chief scientist says synthetic foods pose a real threat to agricultural exporters, but better regulation of genetic modification could create an equally large opportunity, Lynn Grieveson reports.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Wednesday, including an 8.8% fall in dairy prices overnight, John Key's support for charging GST on online purchases from offshore sites and Nathan Guy's lukewarm response to MIE's 'Big Red' plan for a Fonterra-style meat Co-op.
Nathan Guy said the first of two reports on the Fonterra botulism scare had been delivered and would be released before Christmas, MPI and MFAT announced beef and sheep meat exporters had won access to the Peruvian market and Winston Peters' attacked the Government's decision not to pay Learning Media's landlord while also paying at least some of its debts to Westpac.
Dairy exports quickly bounced back from trade disruptions in August caused by the Fonterra whey contamination scandal to lead a leap in export income to near-record levels in September. Exports rose 9.4% (seasonally adjusted) to NZ$12.1 billion in the September quarter and imports rose 8.4% to a record NZ$12.7 billion, Statistics New Zealand said.