Archive for the ‘Free trade’ Category

Free trade trumps protectionism, we hope

March 22, 2018

It’s ironical the same week the CPTPP agreement was signed President Trump proudly announced new tariffs on steel and aluminium which threaten to undermine the World Trade Organisation’s function as the global regulator of international trade. The jury is still out on whether Trump can get the tariffs signed off by Congress and he has already created exemptions, at the time of writing for Australia, Canada and Mexico. But it’s an uneasy period, particularly for a country as dependent on trade for its economic survival as New Zealand, because we might well get caught in the crossfire from a trade war. (more…)

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Changing export markets give confidence in industry’s future

February 18, 2018

The global market for New Zealand’s meat exports and exporters is undergoing quite a rapid change, judging by movements in the industry’s latest quota entitlements and market destinations. The differences between exporters and markets over a ten and five year period provide an interesting snapshot of the relative position of the meat companies and the impact of changing market dynamics. (more…)

My tips for 2018

February 18, 2018

It’s the time of year for making predictions, some of which may turn out to be close to the mark, but most, like horse racing tips or economists’ forecasts, will end up looking slightly silly, if anybody takes the trouble to remember what they were. The luxury of writing a column is the ability to speculate without being held to account for any inaccuracies. (more…)

ANZCO is now 100% Japanese owned

December 21, 2017

One of Japan’s two largest meat processing and marketing companies, Itoham Yonekyu Holdings, has received OIO consent to increase its shareholding in ANZCO Foods from 65% to 100%. It will acquire the shares currently held by ANZCO’s management (18.24%) and Japanese food company Nissui (16.76%) as a carefully planned transition which will see founder and chairman, Sir Graeme Harrison, retire at the company’s AGM in March. (more…)

European Meat Sector issues dire warning about impact of hard Brexit

December 5, 2017

The European Livestock and Meat Trades Union (UECBV), the body that represents producers, consumers and distributors of meat, has commissioned a report entitled The EU Meat Industry in a hard Brexit scenario – CRISIS. The major finding of the report concludes the impact of a hard Brexit would be a catastrophic disaster for both UK and Europe because of the reversion to WTO tariff arrangements. (more…)

Global meat trends look positive

October 31, 2017

2016 saw widely differing agricultural export performances between New Zealand and our trans-Tasman neighbours. According to the Red Meat Advisory Council’s State of the Industry 2017 report, Australia broke all records by increasing its exports of red meat to A$15.1 billion, up by nearly A$6 billion since 2009. It was the world’s biggest exporter of beef, second biggest for sheep meat and third biggest live exporter. (more…)

Brexit problems proliferate while negotiators procrastinate

October 27, 2017

An Agri Brigade piece in the latest Private Eye, that marvellous example of good old-fashioned investigative journalism, made me acutely aware of the law of unintended consequences that inevitably applies to trade agreements. With less than 18 months until Brexit, UK negotiators don’t appear to have made any tangible progress towards a workable agreement with their EU counterparts. (more…)

Coalition never benefits smaller partner

October 13, 2017

Now the special votes have been counted New Zealand can expect a decision on the formation of a government for the next three years. Who knows, by the time you read this it’s possible if unlikely a result might even be known. But one thing is almost certain – whichever partner New Zealand First chooses will end up getting the credit for a successful coalition, while the junior partner or partners will get the blame for what goes wrong. (more…)

EU – Japan trade deal ups the ante

July 13, 2017

The FTA announced just before the G20 meeting in Hamburg is touted to bring substantial benefits to EU agricultural producers. It will put EU exporters on a level playing field with countries like Australia which already have an agreement, but notably it will put New Zealand at an even greater disadvantage until our trade negotiators can achieve a similar outcome. (more…)

Beef forecast to stay firm in face of market upheavals

July 4, 2017

Rabobank’s Quarter 2 Beef Quarterly paints a positive picture of global demand and prices for the rest of 2017 in spite, or more probably because, of a series of upheavals and changes affecting the world’s beef trade. (more…)