Topic “In the News News” — Exporter Magazine

Sainsbury’s Dairy Development Group producers receive 2.1 pence per litre premium for their milk above the market price, which is designed to reward farmers for good agricultural practice. The payment builds to an average of £26,000 (NZ$59,000) per farmer, per year. Slow steaming has at the end of May 2010 absorbed 100 ships totalling 580,000 TEU, or 4.1 % of the world’s cellular fleet, according to the Shipping Gazette, citing the Paris-based Alphaliner agency. A revolutionary UHT milk processing system by Tetra Pak slashes production time by up to 90%, cuts operating costs in half and reduces capital outlay by almost a third compared to conventional equipment, according to DairyReporter.com. A recent report from the Institute of Personal Care Science of Australia said that the global cosmetics market is worth US$334 billion (NZ$493 billion) and the global halal cosmetics market is estimated at US$13 billion. Over the next three years, Hitachi – a sprawling conglomerate of 900 companies – will allocate about 70% of its 1.4 trillion yen (NZ$200 billion) budget for capital spending and strategic investments to businesses such as power plants, smart grids, cloud computing, batteries and railway systems. The US has set final anti-dumping duties of 136.76 to 145.18% on the steel product to offset below-market pricing, according to a PeopleDaily online report which quotes China’s Xinhua news agency. International shipping giant Maersk says it will continue to ship orange roughy caught legally in New Zealand waters while conducting a policy review on sustainable fisheries.