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Fonterra's new ally sees falling sales
Fonterra is pinning its hopes on a tie-up with Chinese infant formula giant Beingmate as it pushes into China's lucrative baby milk market.
Fonterra is pinning its hopes on a tie-up with Chinese infant formula giant Beingmate as it pushes into China's lucrative baby milk market.
National is trying to position itself as the only party which will deliver major free trade agreements, saying that Labour's trade policies will be scuppered by any potential coalition partners.
Fonterra says it plans to spend about $1.17 bon taking a 20 per cent stake in China's Beingmate Baby & Child to boost its baby formula aspirations there.
Falling prices for dairy and forest product exports drove the trade balance into the red last month.
Peter Lyons writes: It is important that the team in charge of the economy is paddling in the right direction.
The New Zealand dollar took a sudden and unexplained dip in early trading yesterday, fuelling speculation that the Reserve Bank may have chosen to exploit thin trading conditions.
New Zealand wool prices have risen over the last few weeks and have performed strongly over the last year because of a wool shortage, ASB Bank said in the latest issue of its Commodities Weekly.
New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy.
New Zealand wine exports increased by 10 per cent in both volume and value to a record $1.33 billion in the year to June.
The Port of Tauranga said its underlying group net profit rose by 1.3 per cent to a record $78.3m thanks to an increase in bulk cargo.
Dairy prices showed signs of stabilising overnight, with the GlobalDairyTrade main price index slipping by just 0.6 per cent.
Export demand for New Zealand craft beer is expected to triple over the next decade as Asian consumers develop a taste for boutique brews.
Export log prices have stabilised and are improving a little, despite conditions in the country's biggest market, China, remaining difficult.
New Zealand producers' input and output prices fell in the second quarter of this year as dairy prices declined.
Russia is scouring the world for produce ranging from Chilean salmon to Egyptian oranges to fill a big hole left by its ban on Western food imports.
A swamp kauri company fined for draining protected wetland in Northland's "black gold rush" has failed owing more than $5 million.
The South China Morning Post's editors have a sense of humour: "New Zealand MP Winston Peters accused of racism over Wong joke" was the headline.
Itell my students that my initial enthusiasm for economics was sparked by the most attractive female teacher at my school. Unfortunately they will need to find other reasons for enjoying the subject.
Auckland infant formula maker New Image says it is "getting back into production" for the Chinese market now it has finally received clearance to export its products.
Russia's sweeping bans on imports of European, US and Australian food may prove a diplomatically embarrassing bonanza for New Zealand's cheese exporters.
Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.
Commodity prices fell for a fifth straight month, led by whole milk powder, reflecting a build-up of inventory in China and strong local milk production.
Kiwi exporters should look to market more premium products to an increasingly wealthy Chinese consumer, says Shanghai-based economist Mary Boyd.
Exporters can only hope that the economic news out of the United States this week will reinforce, or at least not reverse.
Log export prices have dropped sharply since March because demand in New Zealand's biggest market - China - has fallen while supply has substantially increased.
Fonterra says it's 'realigning' its packing operations at its Canpac plant in the Waikato - and 110 jobs may be lost as a result.