Government focus on long-term food, fibre growth
Food and fibre export revenue is tipped to reach $54.6 billion this year and hit a record $66.6b in 2028 as the Government focuses on getting better access to markets and cutting red tape.
The dairy and red meat sectors have welcomed news that New Zealand will begin formal negotiations for a free trade agreement (FTA) with the United Arab Emirates (UAE).
The announcement by Trade Minister Todd McClay and his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai follows and earlier meeting in March where the pair set up a consultation programme to see if such a deal should proceed.
The UAE is an important market for NZ's red meat sector, generated $47 million of export earnings in 2023. High-value chilled beef is the most valuable export sub-category to the UAE, worth $31 million in 2023, making the UAE our fourth largest chilled beef market behind the US, China, and Japan.
Meat Industry Association (MIA) chief executive Sirma Karapeeva says a comprehensive FTA with UAE would open the door to reduce tariffs on other products that we export to the Middle East, including frozen beef and lamb, and wool.
Also happy with the news is Dairy Companies of NZ (DCANZ) executive director Kimberly Crewther. She says her sector looks forward to a high-quality FTA agreement that delivers certainty to our dairy exporters of duty-free access across all products.
A record 13 dairy farms supplying milk to low-carbon dairy processor, Miraka qualified for an extra premium of 20c/kgMS this season.
A sustainable merino wool replacement for rockwool and peat used in greenhouse growing won the Prototype Award at the National Fieldays innovation awards last night.
A major focus for Fieldays in recent years has involved responding to the agricultural sector’s pressing challenges of environmental sustainability, climate mitigation and food production.
Farmers are looking forward to less red tape and delay around approval processes for new agricultural and horticultural products.
The a2 Milk Company (a2MC) is providing $440,000 to 18 farms across Southland, Canterbury and the Waikato in the third round of its a2 Farm Sustainability Fund in New Zealand.
Nestle New Zealand has scooped the Supreme Site Award at this year’s National Fieldays being held at Mystery Creek in Hamilton.
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