Mine too,late this afternoon.
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Thanks for the link.
Appears we are very reliant on the Chinese.
In short, yes - when you see the volume/proportion of NZ's red meat heading to China. Chinese market not so strong for the higher-end cuts - ie lamb French racks, beef steaking cuts - but the lower-end, offals etc is where it is at.
Money has been substantially better in China than other markets for many of these products - especially the likes of lamb flaps & forequarters. If they have to head back into the Middle East in a major way, or the like, then prices will be substantially lower.
We don't need a market access issue into China (Winston).
Non-issue. Almost all of the lamb plants in NZ are halal these days, and produce halal as standard. Not really any real cost to do so, and will then certify as halal as/when they need to.
Many customers/markets outside of the Middle East require halal, in the likes of Germany, UK, US etc to service sectors of their market that may require it.
Beef not quite so many plants are halal, but ME isn't such a big beef market.
Good to see. I particularly like the below para from the announcement and think this will/is increasingly the case right around the World with COVID-19 having pushed this to the forefront of many people's minds when selecting their food:
“Our US target consumer, the ‘Conscious Foodie’, values the grass-fed and pasture-raised
attributes of New Zealand animals, as well as our sustainable production methods, safe and
thoughtful packaging, and the bold full-bodied flavour of Angus Beef,”
From The Herald:
https://www.nzherald.co.nz/business/...ectid=12360750
Picked up from Zespri latest newsletter:
After nearly a decade with Zespri, Chief Grower and Alliances Officer Dave Courtney will be leaving ourorganisation in December to take on a new role as Chief Customer Officer for Silver Fern Farms.
Looks like their current guy quietly slipped out of the building after not too long??
Also another ex Zespri, so would have worked with the CEO.
Across the whole year to August, against the backdrop of a global pandemic and the US-China trade war, all exports have grown by 2.8%, with milk power, butter and cheese exports up 11.1%, meat exports up 9.9%, wine exports up 8.5%, fruit exports up 8.4% and vegetables exports up 6.3%.
Content Sourced from scoop.co.nz
I expect SFF lead the way in meat exports.
SFF boardmeeting confirms to farmer suppliers that the business continues to track ahead of budget so far in this unprecedented year and pleasingly, a large number of new and current supplier shareholders wanting to become "fully shared. Great to see the farmers vote of confidence in SFF. All pointing to a good year for SFF.
SFF newsletter:
"It is very pleasing to see a high level of interest in both existing and new shareholders enquiring about becoming fully shared. The value proposition shareholders can receive by becoming fully shared is becoming increasingly compelling as we build a track record of delivering consistent financial returns via dividend and patronage reward. Couple this with a commitment from both the Cooperative and Silver Fern Farms to deliver loyal, fully shared suppliers priority access to space and programmes which we believe, although not always perfect, is being delivered in a manner that is transparent and benefits both the Co-op and the operations of our 50% investment, Silver Fern Farms Limited
Simon Limmer updated the Board with a comprehensive view on markets, supply dynamics and the operations within the business. The business continues to track above budget in what has been an extremely challenging year, a real credit to the 7000 staff throughout the business.
As we know in this industry, the next couple of months are always interesting as we balance growth rates with climatic conditions, so I encourage you to plan ahead and have those conversations with your Livestock Rep so planning can be optimised to deliver the best results both for you and the company."