Will India ink a free trade agreement with NZ?
Beef+Lamb New Zealand (B+LNZ) has welcomed the New Zealand Government's announcement that comprehensive free trade agreement (FTA) negotiations have formally commenced with India.
Meat Industry Association chair Nathan Guy says his organisation welcomes the new trade deal with the United Arab Emirates (UAE), noting the UAE is the second largest market for the red meat sector in the Gulf Cooperation Council after Saudi Arabia.
Guy says with a population where over 75% are Muslim, the UAE is a key halal market that is increasingly looking for reliable sources of high-quality red meat that meets their strict halal expectations.
"Halal-certified exports made up 37 percent of total red meat exports and were worth approximately $3 billion in 2023/24, so NZ is well placed to meet the UAE's red meat needs," he says.
Beef + Lamb New Zealand chair Kate Acland says food security is a priority for the UAE with international trade identified as a key enabler, and beef in particular cited in their strategy as a key item to secure supply in.
The dairy industry is a major beneficiary of the deal and according to Kimberly Crewther, the executive director of DCANZ - the organisation that represents dairy companies - says that eliminating tariffs on all dairy products provides important certainly to continue growing this trade
Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.
Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
The six young cattle breeders participating in the inaugural Holstein Friesian NZ young breeder development programme have completed their first event of the year.
New Zealand feed producers are being encouraged to boost staff training to maintain efficiency and product quality.
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