Todd McClay Warns of Tougher Global Trade Environment for NZ
The stark realities of the world trade that New Zealand is having to face have been revealed by Trade Minister Todd McClay.
Local cheesemakers are facing competition from subsidised frozen EU imports flooding the NZ market, tariff-free, says Whitestone Cheese managing director Stephen Berry.
Berry says NZ's open door trade policy provides zero protection to New Zealand domestic producers.
"Inferior industrially bulk manufactured EU cheese are becoming more and more prevalent in our market as a result."
Another challenge facing local cheesemakers is accessing naming rights already used in Europe.
Cheese produced in New Zealand branded as 'feta' will have to find another name under the free trade agreement (FTA) the Government recently secured with the European Union.
The deal includes what are referred to as geographic indications (GI), which are names of products unique to a certain area that a country or market wants to protect.
"The naming rights of feta is an opportunity for NZ producers to stamp our quality mark on our own NZ fetas, separating them from the inferior EU bulk industrial shipments. It will be interesting to see if Danish feta cheese, where the majority is produced in Europe, is able to use the Greek certified name," says Berry.
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.