News

US poultry exports face China wall
The US has filed a complaint with the World Trade Organisation in Geneva over Chinese duties on US poultry that are up to 105.4% and have led to a dramatic fall in US poultry exports, according to the Shipping Gazette, citing a Bloomberg report.
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IMF to Europe: "Get your act together"
Europe needs to "get its act together" and deal with its worsening sovereign debt crisis, according to the International Monetary Fund.
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NZ export outlook revised downward
Economists have revised their forecast for New Zealand’s export growth to reflect global economic uncertainty and expectations the NZ dollar will keep its strength, according to the NZ Institute of Economic Research (NZIER).
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More fairytale future for NZ sheepmeat producers?
New Zealand sheepmeat producers can expect to continue to enjoy high prices and favourable offshore market conditions in the year ahead, according to Voxy.co.nz.
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Maersk's brave new shipping offer for Asia-Europe service
Daily Maersk, Maersk Line’s new service on the Asia-North Europe trade lane, is expected to dramatically change the way shipping is done – it offers a daily cut-off at the same time every day, seven days a week, and always with the exact same transportation time, according to Transport Weekly.
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Samoan dried bananas for the NZ market
A project aimed at revitalising Samoa's banana trade has given its promoters early cheer when misiluki dried bananas found their way to the Pacific Island Forum Leaders dining table recently.
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Dairyland eyes capital for new dairy plant in Waikato
Dairyland Products has been given resource consent for its proposed milk drying plant following the Waikato Regional Council's relatively speedy 15-day green light for the project south of the town, according to the Stuff.co.nz/Waikato Times.
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Move over sake, Invivo takes on Japan
Homegrown winemaker Invivo Wines has built early success in its Japanese export market using strong in-store presence and its strategy of regular face-to-face meetings with consumers.
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NZ innovator CleanFlow Systems gains US suitor
A high tech pipe profiling company that grew from Massey University’s ecentre has confirmed a multi-million dollar deal with a technology company in the United States.
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Nestlé still coffee kingpin, Kraft on the rise
The report, cited Euromonitor International analyst Brian Morgan saying that Nestlé’s global value share within instant coffee was 51% in 2010. “Its dominance here is and will remain secure for some time to come,” he said.
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Kiwi exporters can't agree on how to sell apples to OZ
New Zealand apple growers and exporters are fighting each other over the best way to send fruit to Australia, according to the Australian Broadcasting Corp's rural news network.
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Maersk sees gold in Asia-Africa seafreight
A record surge in trade between Asia and Africa to as much as USD$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG (DPW) to expand shipping links between the continents, according to Bloomberg.
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US senate to pursue bill stopping undervaluation of Chinese yuan
The US Senate will try to pass legislation in coming weeks aimed at forcing China to stop holding its currency below market value, according to Reuters.com.
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Compac Sorting wins US$15-mln job from Paramount Citrus
Compac Sorting Equipment, an Auckland-based technology exporter, has successfully tendered for a $US15m contract to design and develop a hi-tech sorting and packing line for the world’s largest citrus company, according to FreshPlaza.com.
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LG Electronics to buy Sharp's LCDs?
LG Electronics, the world’s second-largest maker of flat-screen television, is in advanced talks with Sharp over buying liquid crystal displays (LCDs) from its Japanese rival to use in its large-sized TVs, ccording to Te Korea Times citing industry sources.
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