Friday, July 8, 2022

My Daily Digest: November 5, 2020

What a Biden win could mean for NZ After more than 24 hours of watching the United States election still hasn’t been won, though it appears Joe Biden has the upper hand as the last of the votes are counted.

A Biden win would probably be good news for New Zealand food producers who’ve lobbied for free and fair global trade for decades.

Donald Trump’s trade war with China and rejection of unilateral deals has slowed progress on free trade and Biden would probably look to curb those nationalistic tendencies.

Today the US officially pulled out of the Paris climate agreement, but Biden will join it again if elected, which is also good news for the world.

Still, court action seems likely as Trump tries to hold on to power, so the waiting will go on a little longer. 

The world is watching.

 

Bryan Gibson

 

Wall of wood threatens local processors

New Zealand needs to get ahead of a wall of subsidised wood products heading this way as overseas players shore up their processing industries in response to the covid-19 pandemic, local manufacturers say.

 

 

Covid concerns cause dairy dips

Dairy prices in the first Global Dairy Trade (GDT) auction of November gave up half of the 3.6% gain they made during October but the market is still sound, analysts say.

 

 

Fonterra makes more sustainable progress

Fonterra awarded itself green pass marks on 10 of 16 targets for core indicators in the latest annual Sustainability Report.

 

 

SFF expands range to meet demand

Two new products in Silver Fern Farms’ venison range reflect growing popularity for farmed venison.

 

 

SFF takes cautious forecast approach

A trade deal between Europe and the United Kingdom looks unlikely by the end of the year, which a New Zealand meat exporter fears could disrupt the movement of product between the two markets.

 

 

 

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