Changing export markets give confidence in industry’s future

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.

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Heavy market share losses affect Silver Fern Farms’ financial performance

In recent weeks there has been an exchange of views about PPCS’s acrimonious takeover of Richmond in 2003. Keith Cooper, ex CEO of the renamed Silver Fern Farms, emerged from anonymity in Middlemarch to castigate the appointment of Sam Robinson to the board of Silver Fern Farms as the Shanghai Maling representative. He was critical of Richmond’s rejection of the original approach by PPCS to buy the Freesia Investments shares from the Meat Board in the mid-1990s and Robinson’s role as Richmond’s chairman.

Quota allocations suggest change in balance of industry power

The release of the 2016 quota allocation which Alan Williams analysed in detail (Farmers Weekly 11^th January) show some considerable shifts in tonnage entitlements between the major meat exporters. The quota is allocated as a percentage of the total allowable quota for shipment to the EU for sheepmeat and USA for beef during a calendar year; in the last two years New Zealand has only filled around 75% of the EU quota and 90% and 98% of the USA beef quota.

MIE seeks funds from B+LNZ

MIE Chairman John McCarthy put out a press release on Tuesday pressing Beef + Lamb NZ to put its weight behind the remit to the AGM in March which asks “that Beef + Lamb New Zealand provide funding support to the Meat Industry Excellence Group to secure red meat sector reform.”