News — Exporter Magazine
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The 3.1 percent increase in fruit and vegetable exports in 2011 is a great result given the negative impacts of a 6.5 percent rise in the value of the New Zealand dollar and difficult market conditions in the same period.
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New Zealand’s horticulture industry now accounts for $1 in every $13 of exports, with an annual value of close to $3.5 billion.
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Italy, Europe’s largest kiwifruit grower, is set to produce around 461,500 tonnes of commercial-grade kiwifruit this season, according to FreshInfo’s website.
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New Zealand food and beverage manufacturers can now utilise the FoodBowl – a purpose-built, state-of-the-art plant designed for short-run, pilot scale processing of products for in-market testing. For exporters, it could be just what they need to extend their reach to new markets.
- Chinese steel companies are rapidly catching up with their Japanese counterparts in manufacturing high-quality products, according to ChinaDaily.
- Sixty percent of trading firms in China plan to target emerging markets like India and Vietnam for business in the next five years, according to the Economic Times of India.
- Americans are getting used to burning ethanol in their daily commute. Now, pond scum and french-fry grease could help fuel their next business trip, according to the Wall Street Journal.
- The beleaguered Indian government has been forced to suspend its decision to allow international supermarkets to invest in India’s £300 billion retail market in the face of political opposition, according to The Guardian.
- Australian egg consumption jumped from 198 to 213 per person last year, and chances are many of 2011’s additional boiled, scrambled, fried and poached egg servings were laid on free-range farms, according to Stock and Land’s website.
- An Auckland company says a “stealth wetsuit” it has helped to develop will allow scuba divers and spear fishermen to get closer to marine life, the NZ Herald reported.
- New Zealand recorded record exports by value in March, driven by shipments of dairy products to China and contributing to a larger-than-expected monthly trade surplur, according to the NZ Herald.
- New Zealand’s Acting Economic Development Minister David Carter has announced an $850,000 contestable fund to drive further growth of our second-largest export earner, the red meat industry.
- According to the market analyst, factors that have led to a shift back to previous trends in 2010 include rising disposable income levels, consumers reverting again to trading up and a growing demand for convenience features.
- The report said, adding a sales tax of 20% to sugar-sweetened beverages could result in a daily average reduction of 6.9 calories per person. Over the course of a year, this would equate to about 0.7 pounds in weight loss. A 40% tax would result in a 12.5 calorie reduction, and annual weight loss of about 1.3 pounds per person.
- General Mills had been hotly tipped as a likely winner of the bidding auction, which has attracted approaches from the likes of Nestle, Bel and The Bright Food Company. This is because the US food company already holds a license for the Yoplait brand in North America.