NZ Red Meat Exports Hit $867m in August, Up 23%
New Zealand's red meat and fifth-quarter exports reached $867 million in August, up 23% on the same month last year, as stronger returns lifted earnings across all major markets.
MILK PACKAGING company Tetra Pak says demand for liquid dairy products is set to grow by 2.5% in the next three years.
Consumption is forecast to increase from about 287 billion litres this year to about 309 billion litres in 2016.
Tetra Pak Group president and managing director Dennis Jonsson told the World Dairy Summit in Yokohama that economic growth, urbanisation and rising disposable incomes in developing countries are driving demand for liquid dairy.
"More and more families in Asia, Latin America and Africa want milk in their daily diets," he says.
Growth will be driven by fast developing countries like China, India, Indonesia and Brazil. In many of the poorest, developing countries milk is consumed as the essential nutritional element of people's diets, notes Jonnson.
"In mature markets milk has long been part of people's daily diets. So growth is slowing or flat while it is growing rapidly in the developing markets.
"And, to a large extent, it is ambient dairy products that will drive growth as consumers of "loose" milk – in countries like India and Pakistan – convert to packed milk.
"That switch is due to growing awareness about the health benefits, safety and convenience of packaged milk."
By 2014 packed milk is set to outsell "loose" milk for the first time in developing countries.
Jonnson says demand for health-oriented and"on-the-go" products is on the rise. So is demand for products and packaging suited to the specific needs of ageing populations.
A growing demand for healthy products such as energy drinks and probiotic drinking yogurt is forecast to grow at a compound annual growth rate of 8.5% from 2013 to 2016.
To take advantage of this trend companies like Fonterra offer a range of products specially formulated to help adults maintain optimal bone strength, he adds.
While Mexico-based Alpura has a fortified milk to maintain heart heath and avoid premature ageing.
"To meet these changing consumer needs packaging companies must continuously innovate. At Tetra Pak we've launched packages sized for one-shot health and energy drinks, packages with increased functionality for older consumers and packages designed for on-the-go consumption – to name a few."
Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.
AgriZeroNZ has invested a further NZ$17.7 million in methane vaccine developer ArkeaBio and NZ$5.1 million in BioLumic, a New Zealand-founded company that uses ultraviolet light to develop low-emissions pasture..
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
OPINION: Political parties are getting plenty of advice and recommendations from sector groups as the election approaches.
In farming there are external factors that can influence behaviour of a whole herd, such as a bad weather event, triggering false positive heat detections or health attentions.
For Canterbury dairy farmer Cameron Henderson, supporting Meet the Need comes down to a simple question: how can the success of New Zealand farming benefit more than just those within the industry?