In the News

In the News
Bulk wine exports grow at the expense of bottle wine - Rabobank
Thursday, 02 February 2012
Focus on cost competitiveness by distributors has contributed to a rise in the share of bulk wine exports at the expense of bottled wine shipments, according to a new report from Rabobank's global Food & Agribusiness Research and Advisory department.
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Monsanto says it won't sell GE maize to France
Thursday, 02 February 2012
U.S. biotech firm Monsanto said in early Feb it does not plan to sell its genetically modified maize MON810 in France this year, nor after, even though the country's highest court overturned a 3-year ban in November, according to Reuters.
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Hapag-Llody raise Far East to Europe rates
Tuesday, 31 January 2012
Germany's biggest, and the world's fourth largest container carrier Hapag-Lloyd, has announced it will impose a general rate increase (GRI) of USD$750 per TEU on its Far East westbound services starting from March 1, according to the Shipping Gazette.
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Coles launches offensive in supermarket price war
Tuesday, 31 January 2012
Fruit and vegetables will become the new battleground for Australian supermarkets’ price war after Coles announced it will reduce the price of selected products by up to 50 per cent from today, the Sydney Morning Herald reported.
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High jet fuel cost plagues Aussie airlines
Friday, 27 January 2012
Jet fuel prices will top the list of challenges facing Qantas and Virgin Australia this year as their single biggest expense hovers well above $US120 a barrel, according to the Sydney Morning Herald.
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Algeria firm to double sugar exports
Friday, 27 January 2012
Algerian firm Cevital, the biggest sugar refiner in North Africa, expects to more than double sugar exports this year to 1 million tonnes after fixing technical problems at its main transport hub, according to TradeArabia, citing a Reuters report.
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NZ group to fight govt approval for Chinese purchase of Crafar
Friday, 27 January 2012
The Michael Fay-backed Crafar Farms Purchase Group has vowed to continue to fight against the land from being sold offshore and says today's decision to approve the farm sale to Shanghai Pengxin Group "sets up open season for foreign buyers", the NZ Herald reported.
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Why slow steaming isn't working for shipping lines
Friday, 27 January 2012
Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability in 2010, according to Bloomberg news
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Building an empire out of manufacturing plastic lunchboxes
Tuesday, 24 January 2012
From its humble origins selling coathangers out of his Cambridge garage 30 years ago, his firm - Sistema - has grown to the point where it employs more than 300 staff and holds an 80 per cent share of New Zealand's food storage market, and 44 per cent of Australia's.
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Exporters told to book space for shipments early
Tuesday, 24 January 2012
Southern exporters are being cautioned to plan ahead for shipping space with the likelihood major shipping lines will again not be offering unscheduled vessel visits to take pressure off peak season loads, according to Otago Daily Times.
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Fonterra attacks NZ govt's changes for dairy industry
Tuesday, 24 January 2012
Fonterra has attacked proposed changes to raw milk regulations, saying profits will head overseas and it will hinder, rather than help, New Zealanders get access to affordable milk, according to the Otago Daily Times.
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NZ natural products' billion-dollar success
Sunday, 22 January 2012
A New Zealand Trade and Enterprise study has revealed that the New Zealand natural products industry has exceeded $1 billion in revenue, according to Scoop.co.nz.
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NZ food watchdog won't follow US, Aussie move on ban of Brazilian orange concentrates
Sunday, 22 January 2012
The Australian and US food safety authorities have banned the import of orange concentrate containing residues of a synthetic fungicide carbendazim. How the NZ Food Safety Authority has no similar plan.
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Mickey Mouse and Pooh Bear for Chinese market
Thursday, 19 January 2012
Walt Disney Co is on track to open its first store in China in fall 2012 and is committed to opening from 25 to 40 stores in the most populous country during the next three years, according to ChinaDaily.com.
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Pumpkin Patch moves to stop money-losing UK retail stores
Thursday, 19 January 2012
New Zealand’s children clothing manufacturer Pumpkin Patch is likely to close its UK retail business after appoint administrators to review its 36 stores in Britain.
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NZ dairy giant Fonterra breaks export record
Thursday, 19 January 2012
Fonterra says it has broken its own record for the highest export month, helping to boost New Zealand's economy by $1.3 billion last month, according to the NZ Herald.
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IMF seeks up to US$500 bln as Europe's debt crisis looms
Thursday, 19 January 2012
The International Monetary Fund said it would seek up to $US500 billion in new financial firepower as the European debt crisis increasingly threatens the global economy, according to the Sydney Morning Herald.
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India slaps more import duties on gold, silver
Tuesday, 17 January 2012
India, the world's biggest consumer of bullion, increased import duties on gold and silver, potentially cooling demand from jewellery buyers and investors, according to GulfNews.com.
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China expects GDP growth to slow down in 2012
Tuesday, 17 January 2012
China's economy expanded by 9.2 percent in 2011 from a year earlier and 8.9 percent year-on-year in the fourth quarter, according to ChinaDaily.com. Forecasts are for a GDP growth around 8.5 per cent in 2012.
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Reality check for NZ apple exporters eyeing Aussie market
Tuesday, 17 January 2012
Apple exporters are optimistic about shipping to an Australia market open after 90 years but some early failures last year are a reality check on the rules, according to a NZ Herald report.
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