Honey sector strategy aiming for sweet spot
While confident that the apiculture sector can meet its target of doubling honey exports by 2030, chair of ApicultureNZ, Nathan Guy, says it will be challenging.
Primary Industries Minister Nathan Guy says the agriculture sector remains in good heart despite Fonterra’s recently announced reduced forecast payout.
“This [payout drop] wasn’t particularly surprising as it reflects the ongoing volatility in the international dairy price, but clearly it will have a significant impact on the dairy industry,” Guy says.
“Times will be a bit tougher for dairy farmers over the next few months and it will have a flow-on impact in regional communities.”
However, Guy believes the low in dairy prices will be short-term. “The medium to long-term outlook for our dairy sector, and indeed all primary sectors, is very positive. It is expected to grow by 17% to more than $41 billion over the next four years.”
Guy says impressive growth in the meat, horticulture and seafood sectors will help to offset any decrease in the dairy industry.
“For example, beef prices for New Zealand farmers have risen to record highs and horticulture exports are now worth over $4 billion. The NZ dollar is also around 25 cents lower against the US dollar than this time last year, which is helping all exporters, and interest rates are low.”
Guy is adamant the dairy sector will bounce back. “Dairy farmers are resourceful and know better than anyone that it’s a cyclical business and always has been.”
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.