News

Dairy market outlook steady, Fonterra chairman says
The dairy demand from developing countries such as China and India is sustainable, underpinned by a rising middle class in these countries, Fonterra chairman Henry van der Heyden told the Irish Independent.
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Not so easy selling NZ apples to Australia
New Zealand apple exports to Australia are set to fall far short of expectations, with some growers pulling out due to quarantine restrictions and prohibitive costs, according to the Australian Broadcasting Corp.
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China's trade volume exceeds US$3 trillion but global trade outlook grim
China's trade volume has surpassed a historic level of US$3 trillion but analysts have forecast a grim trade outlook in light of growing global uncertainties, according to Xinhua News.
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Phillipines stops export of workers to 41 blacklist countries
The Philippines, one of the world's largest labour exporters, has ordered a ban on the deployment of workers to 41 countries — including war-torn Afghanistan and booming India — where Filipino officials say there are inadequate protections against labour abuse, according to GulfNews.
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Google invests US$100 mln to gain toehold on internet TV market
GOOGLE is making a $US100 million ($96.5 million) bid to win a bigger share of the fast-growing internet TV market, with more than 100 new channels to be rolled out via its subsidiary YouTube, starting this month, according to the Sydney Morning Herald.
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NZ garment company makes "stealth wetsuit" for close encounters under the sea
An Auckland company says a "stealth wetsuit" it has helped to develop will allow scuba divers and spear fishermen to get closer to marine life, the NZ Herald reported.
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Argentina's beef exports drop, ranks 6th in world chicken exports
Argentina is currently ranked among the world’s top six exporters of chicken meat (breast and legs) while in beef has dropped to position nine, according South Atlantic News Agency, citing the latest data from the US Department of Agriculture (USDA).
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NZ seeks new markets for bumper avocado crop
With global avocado consumption on the rise, New Zealand which is looking at a bumper harvest this year is seeking new opportunities with the fruit as an important export product, according to FreshFruitPortal.com.
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China will not let foreigners influence pace of its currency reform
China should reform the renminbi's exchange rate in its own way and not let foreign pressure influence the pace of that reform, according to ChinaDaily.
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US senator promotes bill aimed at raising US exports to Africa
Worried by China's expanding economic ties to Africa, a key US senator said this week he would soon unveil a bill aimed at tripling US exports to the resource-rich continent over the next decade, according to AFP.
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NZ's tech sector revenue break $7bln, exports at $5bln
New Zealand's technology sector has broken through the $7 billion mark for the first time, according to the NBR.
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Scandinavia, Russia and Sweden's butter shortage
Butter shortages in Scandinavia, Russia and other parts of the globe suggest that Ireland’s long-term expansion strategy for the dairy sector is well founded, according to the Irish Examiner.
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China's Cosco expects full-year loss due to fall in freight rates
China Cosco Holdings Co., the nation’s largest shipping line, predicted a full-year loss because of plunging rates for carrying commodities and containers, according to Bloomberg.
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Taiwan's Evergreen signs loan to buy 10 container vessels
Taiwan's Evergreen Marine and its affiliates have signed syndicated loan worth US$824 million to fund the purchase of ten 8,800-TEU newbuildings from China Shipbuilding Corporation (CSBC) of Taiwan, according to Transport Weekly, citing the Shipping Gazette.
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China's foreign trade to top US$3 trillion or 10% of world trade
A senior Chinese official said the country's foreign trade volume will surpass US$3 trillion this year, accounting for 10.5% of the world's total, according to ChinDaily.
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Malaysian firms ink multibillion dlr deal in ASEAN-China expo
Malaysian firms inked USD10-billion economic cooperation agreements with Chinese companies during a roundtable dialogue at the recently-concluded China-ASEAN Expo in Nanning of south China's Guangxi, according to Xinhua news.
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Chinese authorities checks sheep said to be fed fat-busters
Agricultural authorities in east China said they have conducted tests on livestock after media reports claimed sheep had been fed an illegal additive to make their meat leaner, accoding to Xinhua news.
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American port helps garment makers reach 2nd-tier Chinese cities
The Port of Los Angeles, as part of a broad initiative to facilitate exports and support economic development, is working with the US Department of Commerce to assist local garment manufacturers penetrate second-tier Chinese cities with their products, according to the Shipping Gazette, citing the American Shipper.
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Europe kiwifruit output to rise, led by Italy's 16% jump
Italy, Europe's largest kiwifruit grower, is set to produce around 461,500 tonnes of commercial-grade kiwifruit this season, according to FreshInfo’s website. 
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American solar companies in trade war with China
A trade complaint filed against China by a group of America-based solar companies drew skeptical reviews from inside the industry, with many fearing a trade war could disrupt growth, according to ChinaDaily.
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