Red meat exports slump, thanks to China
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
The Government will review export quotas it allocates annually to milk processors.
Agriculture Minister Damien O'Connor says this is to maximise export returns for New Zealand's dairy industry.
Access into a number of dairy export markets is controlled through tariff quotas, which provides access into a market for set volumes at a lower or zero tariff.
Dairy export quota allocations are set each year by the Ministry for Primary Industries, and allocated to eligible processors proportional to the milk they collect from farmers. To be eligible processors must collect at least 0.1% of New Zealand's total milk solids.
O'Connor says New Zealand's free trade agreements with the United Kingdom and European Union present new opportunities for New Zealand exporters.
"The new dairy quotas, which will become available under the recent FTAs, means it's timely and prudent to take a fresh look at how we allocate dairy export quota," O'Connor says.
"I want to ensure the quota system is working well for everyone, that the value of quota is being maximised, and that opportunity is not being missed.
"We've fought hard for our dairy exporters and secured improved access through these FTAs. I know our dairy industry is looking to take up the benefits under these agreements as soon as possible."
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Atiamuri farmers Paul and Lesley Grey never gave up their dream of owning their own farm – and in 2020, that dream came true.
OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a…
OPINION: The Irish have come up with a novel way to measure cow belching, which is said to account for…