AgriHQ Pulse


Exports to lift 9.3% to $41.6b

by Phil Edmonds

New Zealand's primary industry exports are forecast to rise 9.3% over the next year on the back of strong dairy prices and a return to normal productivity levels.

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Exports to lift 9.3% to $41.6b

New Zealand's primary industry exports are forecast to rise 9.3% over the next year on the back of strong dairy prices and a return to normal productivity levels.

Tauranga logs up, dairy flat

Trade through the Port of Tauranga is up 15.4% for the first quarter of 2017-18 with logs making a strong contribution but dairy exports flat.

Synlait environment system gets tick

Environment Canterbury has approved the audit management system of Synlait Milk’s Lead With Pride programme, indicating confidence in the control of farm operations and making extra compliance inspections less likely.

Kiwifruit returns get pumped

Zespri has upped its forecast returns for all fruit pools the 2017-18 season with both Gold and Green now expected to earn considerably more than previously thought.

AgriHQ milk price forecast plummets

The AgriHQ milk price forecast for the 2017-18 season has plummeted to $6.36/kg of milksolids (MS) as the outlook for dairy commodity prices has dropped since the forecast was last calculated.

Water carrot comes ahead of rules

Greater Wellington Regional Council wants to drum up interest in its $1 million subsidy programme for protection of waterways and wetlands.

Overnight global snapshot - Oct 19

Modern farmers’ success forces retirement for some traders: Bloomberg
The success of modern farmers has become the misery of traders at the world's biggest agriculture merchants, which are tightening their belts amid shrinking profits as years of bumper harvests sap volatility and trading opportunities, Bloomberg reported.

Comvita sees earnings boost

Comvita has revised its earnings guidance for full year 2018 to exceed its 2016 year result with first quarter sales up 35% on the same period last year, a solid recovery in the grey channel into China and significant North American sales now a reality.

Agtech firms make double-digit growth

New Zealand’s top technology firms generated $10 billion in revenue and agritech firms are among those leading the growth charge, achieving double-digit growth rates, according to the 2017 Technology Investment Networks report.

Venison prices at records

Tight supply, new markets and product diversification are all contributing to record venison farmgate prices this season.