Dairy greenhouse gas emissions fall by 1.6%
Emissions by dairy cattle decreased by 1.6% according to the latest NZ Greenhouse Gas Inventory report.
Food prices in New Zealand were 6.3% higher than a year ago but were cheaper in October 2023 than they were a month earlier, according to figures from Stats NZ.
In October 2023, the annual increase was due to price rises across the five broad food categories measured by Stats NZ.
Price movements for all five groups for the 12 months to October 2023 were: grocery food (up 7.9%), restaurant meals and ready-to-eat food (up 7.7%), non-alcoholic beverages (up 5.7%), meat, poultry, and fish (up 3.3%), and fruit and vegetables (up 3.3%).
“The largest contributing food group was grocery food, mainly driven by higher prices for fresh eggs, potato crisps, and yoghurt,” says consumer prices manager James Mitchell.
However, monthly food prices fell 0.9% in October 2023 compared with September 2023. After adjusting for seasonal effects, they fell 0.1%.
“Prices fell across the board in October, with only dining out and takeaway food being more expensive than in September,” says Mitchell.
The fruit and vegetable subgroup was the largest contributor to the monthly fall, followed by grocery food.
The grocery items that contributed the most to the monthly fall were cheese, white bread, and muesli bars.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.