ASB and Trevelyan's ink sustainability loan
Family-owned, single-site kiwifruit and avocado post-harvest service provider, Trevelyan’s has signed a sustainability linked loan (SLL) with ASB.
The 2018 grape harvest has jumped on the 2017 level, according to the ASB Bank.
In its Commodities Weekly report, it says harvest was around 23,000 tonnes or 6% larger than last year’s.
A 4% lift in yield accounted for most of the lift in harvest. Regionally, the Waipara Valley has bounced back from last year’s difficulties, with the harvest up by over a third. I
In addition, the Hawkes Bay, Central Otago and Wairarapa all saw harvests jump by over 20%. Of the main wine regions, only Gisborne saw its harvest dip (by 20%), while Marlborough posted a modest 4% lift.
ASB says the larger harvest will support export volume and value growth this year.
In the year to May 2018, export values lifted 3.3% compared to the year earlier, mainly due to higher export volumes, with prices lifting just a touch.
“However, we expect this year’s larger harvest to put some downward pressure on prices. Also, given wine’s relative luxury status it is more likely to get see global demand soften in the fallout from trade tensions,’ the bank says.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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