Kiwifruit marketer Zespri has been busted for trying to block sales of cheaper rival Chilean kiwifruit in South Korean supermarkets and has been fined nearly $500,000, according to the Dominion Post.
The trans-Pacific and Asia-Middle East trade lanes are most likely to bear the brunt of rate plummeting, as deliveries of ultra-large container ships deliveries peak in 2012 and 2013, according to the Journal of Commerce.
Although the yuan is currently facing appreciation pressure, it's possible that the currency will face depreciation pressure within two years, when China's trade surplus falls to zero, according to ChinaDaily.
Volatility in the New Zealand dollar has cost exporters an estimated NZ$6.6 billion during the past two and a-half years, according to a report in the Otago Daily Times citing the New Zealand Manufacturers and Exporters Association (NZMEA).
The national secretary of the Australian Workers' Union, Paul Howes, has likened China to a predator intent on wrecking Australian manufacturing and says it is time the emerging giant played by the rules of international trade, according to the Sydney Morning Herald.
Producers of cage eggs are being warned to expect an outraged mob of consumers and animal activists utterly disgusted at the appalling treatment of battery hens on farms around New Zealand, according to Voxy.co.nz.
The fruit and vegetable juice market in China was up until year 2000 an undeveloped one but in the past decade, the industry has experienced strong growth with the trend expecting to continue, according to Western Farm Press.com.
New Zealand’s Zespri Gold kiwifruit is all set to take on the European market as the season begins with targets of more shops and high quality point of sales material, Zespri’s Jean Louis Warnimont wrote in FreshPlaza.com.
Leading global container carrier AP Moeller-Maersk A/S and 14 other shipping lines intend to raise rates on Asia-US routes beginning on 1 January 2012 to cope with industry-wide losses caused by a price war and overcapacity, according FIS.com.
Flooding in Thailand over the past months has inundated nearly 14 million acres of land, at least 740,000 acres of which is farmland, driving up Thai commodities prices both domestically and in the export markets, according to a report by FreshPlaza.com.
Japan has indicated it wants to join the Trans-Pacific Partnership regional free-trade pact but an economist says this could impact New Zealand’s exports to Japan, TV3 reported.
Nigeria and China are set to form stronger ties as both countries after China agreed to explore making Nigeria a major manufacturing zone for China's key industrial enterprises, according to a report in Taiwan News.com.tw.
Saturday to push back against China's trade practices, insisting Beijing stop poaching US intellectual property and allow its currency to rise, according to a Reuters report.
