ANZCO return good result
Meat processor ANZCO Foods has reported an annual turnover for 2022 of $1.90b - compared with $1.64b for 2021 - and net profit before tax of $147.7m (2021 $75m) for the 2022 financial year.
The New Zealand dollar will be the big worry for beef and lamb prices in the next year, says ANZCO chairman Sir Graeme Harrison.
“The big worry for lamb is not the price of retail in the UK, because that is holding up; it is the issue of the exchange rate. The NZ dollar has appreciated so much,” Harrison told Rural News.
“The problem really is sterling, which has depreciated so much against all major currencies and we are caught up in all that.
“That’s a worry,” Harrison says.
“On the beef scene, while obviously we have enjoyed very good times, it will be difficult to keep prices up where they are. But a lot depends again on demand in Asia and where the exchange rate finishes. I would say the exchange rate has got a huge influence on farmer incomes this year.”
Harrison says it has always been a big factor, “but it is particularly big at the moment”.
“When dairy prices have been down in the past the New Zealand dollar has gone down – and it didn’t this time.”
The dollar is well ahead of where it was last year, “a concern for NZ”.
He doesn’t think the falling interest rates will have a big influence.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
Graham Brown, the executive chef for Deer Industry New Zealand (DINZ), is excited about Korea.