Resistance or resilience – which best characterises the red meat sector?

July 28, 2016

The Red Meat Sector Conference held in Auckland on Monday did not have one single theme, but a series of themes across the day, starting with the question ‘resistance or resilience?’ Past history suggests the answer might most logically be both rather than a choice between the two options. Read the rest of this entry »

Upbeat conference attracts 200+ delegates

July 28, 2016

The delegates at the 2016 Red Meat Sector Conference were challenged and entertained by a stimulating range of guest speakers and New Zealand icons the Topp Twins. Read the rest of this entry »

Profit warning makes Silver Fern Farms’ deal more critical

July 24, 2016

Last week’s profit warning from SFF chairman Rob Hewitt confirmed what industry observers suspected – this season has been affected by a combination of factors which has made achievement of the budgeted profit more remote than ever. At the half year Hewett had already warned the year end result would be materially different from budget without specifying numbers. The latest warning indicates break even at best. Read the rest of this entry »

Next season looking very uncertain

July 20, 2016

Last month I took a positive look at the prospects for New Zealand’s sheep and beef producers, based on the long-term outlook in global, especially Asian, markets. I drew attention to some caveats including market access, seasonality, exchange rates, the robustness of the cool chain and fluctuating demand. But what a difference a month makes! Read the rest of this entry »

UK referendum opens can of worms and some opportunities

July 6, 2016

The referendum on EU membership produced a result nobody really expected and nearly half the voters didn’t want, but now everyone has to plan for an uncertain future. There have even been suggestions the exit might not happen, unless the Westminster Parliament passes the required motion to activate the start of the exit process. It’s not worth thinking about the implications for British democracy, if that were to happen. Read the rest of this entry »

Past, present and future of the meat industry (Part 3)

July 2, 2016

The future

There are two diametrically opposing views on the meat industry’s future outlook: either the world is short of protein and has an insatiable appetite for what we produce or meat will be replaced by artificial or synthetic proteins, much cheaper and easier to produce. Read the rest of this entry »

Latest result suggests ANZCO floundering

July 2, 2016

ANZCO Foods has just released its annual result for the 15 month period ended 31 December which shows a reduced profit compared with its 12 month 2014 performance. Pre-tax net profit was $5.702 million ($7.128 million in 2014) while NPAT was $4.49 million, down more than 50% on the equivalent 2014 result which included part of the tax benefit from the 2012 loss. Read the rest of this entry »

Silver Fern Farms announces contract extension and new special meeting date

July 2, 2016

Silver Fern Farms have issued two new media releases announcing a revised completion date for the contract with Shanghai Maling and a new date for the shareholder requisitioned meeting. Read the rest of this entry »

Polish meat industry delegation in New Zealand

June 26, 2016

On Friday I attended a seminar, officially named a Congress, presented by a Polish delegation which was in New Zealand as part of a series of five exhibition events to promote ‘the taste of quality and tradition directly from Europe.’ A somewhat bizarre coincidence meant the event took place at exactly the same time as the votes were being counted in the British referendum which culminated in the decision to leave the EU. Read the rest of this entry »

Irish approach may be better than New Zealand’s

June 26, 2016

The Irish Department of Agriculture, Food and the Marine’s (DAFM) 10 year strategy report named Foodwise 2025 contains a lot of the same features as MPI’s ambition to double agricultural exports over a similar timeframe. Read the rest of this entry »


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