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Wine Industry PIC

Horticultural production tops $7 billion

Horticultural production has topped $7 billion for the first time, with good growth in nearly all the main industries, including wine, apples, potatoes, and onions. The latest edition of the industry publication Fresh Facts shows in the year to June 30 2014 the horticultural industry was calculated to reach $7.16 billion in production, up from $6.7 billion the year before. Exports rose by $300 million to $3.9 billion, an increase of nearly 7 percent on the previous year. Horticulture New Zealand chief executive Peter Silcock said New Zealand’s horticultural exports equated to more than three times the comparative return achieved by dairy merchandise exports because of the high productivity of horticultural land. Horticulture exports of $3.9 billion are produced off 1123,000 hectares of land, versus dairy exports of $16.9 billion from 1.7 million hectares. Silcock is confident the sector will achieve its target of $10 billion of production by 2020. The top export destination is Australia, which hit $872 million compared to $791 million in 2013, while the US has increased its intake from $415 million in 2013 to $489 million this year. Two of the top 10 export destinations decreased this year, with the Netherlands falling from $141 million in 2013 to $108 million this year and Spain down by $4 million to $70 million. Wine continues to be the biggest horticultural export at $1.3 billion in 2014 compared to $1.2 billion in 2013. Sauvignon blanc remains the dominant variety produced, at 310,240 tonnes of the 445,000 tonne total. The total wine grape tonnage was up 29 percent on the previous year, partly due to the average yield increasing from 9.8 tonnes per hectare to 12.6 t/ha. Kiwifruit is the largest fresh fruit export at $930 million, although that is down $65 million on 2010 figures, following the Psa virus crisis. […]

NZ LAMB PIC

Chinese demand drives NZ lamb wool price rises to 6-week high

New Zealand lamb wool prices rose to a six week high on increased demand from China for the apparel fibre. Lamb wool rose 4.8 percent to $6.60 per kilogram at yesterday’s South Island auction compared with last week’s North Island auction, its highest level since it touched a four year high of $6.65/kg on March 12, according to AgriHQ. The average price for 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand’s production, was unchanged at $5.35/kg. New Zealand lamb wool prices have been buoyant this year, outpacing demand for other wool types. China is the largest buyer of New Zealand wool, accounting for 52 percent of the nation’s $794 million in wool exports last year, according to Statistics NZ data. “The lambswool market continues to ride high on what is seemingly strong demand from Chinese buyers,” said Georgia Twomey, a commodity analyst at Rabobank. “The market holding up at these levels is very promising, particularly with the New Zealand dollar at its highest level against the US dollar since January and a weighted currency indicator against all major wool trade currencies at its highest level since September 2014. “These positive demand signals have been reflected also in the Australian market, which has been rallying strongly since the Easter recess. Gains have been made across the board at auction with strong improvement across merino fleece types as well as consistent strength in the carding and crossbred markets.” There was good clearance at the latest auction with 92 percent of the 9,265 bales on offer sold at auction yesterday. Some 5,100 bales will be offered at next week’s North Island auction, according to New Zealand Wool Services International.  

NZ beef exports to Indonesia double after quota restrictions removed

New Zealand beef exports to Indonesia more than doubled over the past year as the trade recovers from beef import quota restrictions imposed in 2011. The volume of New Zealand beef exports to Indonesia rose to 15,384 tonnes in the year ended June 30, from 6,516 tonnes a year earlier, the Meat Industry Association of New Zealand said in its 2014 annual report. The value of beef exports to Indonesia jumped to $76 million from $34 million. Indonesia ended volume-based import quota restrictions in September 2013, removing an impediment that had crimped New Zealand’s beef exports to the country since early 2011. Meantime, new price-based restrictions haven’t yet been triggered, helping Indonesia overtake the Philippines and regain its place as the largest market for New Zealand beef in South East Asia. Still, the association remains concerned that the new price-based rules could hurt New Zealand exports. Under the Indonesian system, meat and live cattle imports are allowed only when domestic beef prices increased by more than 15 percent from a specified parity price, initially set at 76,000 Indonesian rupiah, about US$6.60/kg. “Given the weakening of the Indonesia rupiah against all major currencies, and the increasing competition to purchase protein worldwide, the specified price has not yet been threatened in Indonesia,” the association said. “There are, however, still questions about how this policy will operate in the long term, including how often the parity price will be set and how it will be determined, what incentives will be offered to industry to bring the price down, what would happen in the event of imports increasing but prices not changing and how long new permits would be valid for,” it said. Indonesia still has regulations in place that prevent the import of certain cuts, despite the same cuts from domestic animals being […]

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