Wednesday, July 6, 2022

My Daily Digest: May 10, 2021

A billion reasons to celebrate red meat Monthly red meat export returns pushed through the one billion dollar mark for only the second time in March.

China was the buyer of a large proportion of them, with demand soaring as it recovers from the pandemic and continues to battle African swine fever.

The only other month to top $1 billion was last March at the start of the pandemic.

Our biggest export market took 45% of all red meat exports in March 2021, but the Meat Industry Association reckons that’s mainly due to their high demand rather than a softening in other traditional markets.

This is pretty good going considering the supply chain issues at play.

While there are problems getting containers and ships on time, according to these figures, the mainstream methods of getting food to market are holding up.

With the weather hitting farmers hard at home it’s good to see some positivity offshore.

 

Bryan Gibson

 

Red meat exports hits $1b – again

New Zealand exported red meat and co-products worth just over $1 billion during March, according to the latest analysis from the Meat Industry Association (MIA).

 

 

A2 slashes guidance even further

The a2 Milk Company (a2MC) has slashed guidance again as excess inventory bites, and the board is now looking at a possible share buy-back.

 

 

Waikato waterway nitrate levels worsening

A new Waikato Regional Council (WRC) report has revealed worsening nitrate concentration levels among some of the region’s water sources.

 

 

Awards for NZ’s top cheeses

A couple with only two years’ experience in the cheesemaking industry have claimed the supreme award at this year’s cheese awards.

 

 

Fonterra fund’s sluggish performance

Days appear to be numbered for Fonterra’s Shareholders’ Fund, certainly in its current incarnation.

 

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