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OPINION: It was only in 2018 that the Chinese Government embarked on a mission to lift domestic milk production and stop billions of dollars from leaving the country and into the hands of exporters like New Zealand.
It paid off. Chinese net total dairy product import volumes fell 15.7% year on year in 2023, with imports of whole milk powder - a major New Zealand export product - down 395.
However, six years later over-leveraged Chinese farmers are dumping milk and culling cows because it’s no longer financially viable to be a dairy farmer.
Demand for milk has fallen in China because of a slowing birth rate and a broader pullback in consumer spending, a hallmark of China’s struggle to recover its economy.
Now, the Government is rolling out stimulus packages to help dairy farmers.
A drop in China’s milk production may be good news for NZ exporters. China’s pain could be NZ’s gain.
One of the most galling aspects of the tariffs whacked on our farm exports to the US is the fact that, now more than ever, US farmers are being propped up by government welfare – a direct result of Trump’s hardline on its trading partners.
China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.
If you find a new consumer in a developed wine market, you are taking them from someone else, says Blank Canvas co-founder Sophie Parker-Thomson MW.
The large 2025 harvest will exacerbate the wine industry's "lingering" supply from recent vintages, New Zealand Winegrowers Chief Executive Philip Gregan told attendees at Grape Days events around the country in June.
OPINION: Will synthetic milk derail NZ's economy?
OPINION: As negotiations advance on the India-New Zealand FTA, it’s important to remember the joint commitment made by Indian Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon at the beginning of this process in March: for a balanced, ambitious, comprehensive, and mutually beneficial agreement.
Minister for Universities, Shane Reti, has opened the final new build in a ten plus year project to upgrade the veterinary facilities at Massey University.
As New Zealand experiences more frequent and severe flooding events, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging consumers to be honest and accurate when making insurance claims for flood damage.
A recently held arable field day in the Manawatu brought with it a timely reminder to be on the lookout for velvetleaf incursions.
In a significant shift for employers, wage theft is no longer only a civil matter but now also a criminal one.
In partnership with Growing Future Farmers (GFF), Fonterra says it is increasing support for young people entering the dairy industry with a new two-year programme.
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