Reading Time: < 1 minute Australia and New Zealand have approved the sale of foods derived from hemp for human consumption. Hemp in Australia and New Zealand is cultivated under strict licensing arrangements and prior to this approval was only permitted for use as a source of fibre for clothing and building products. “Short-term opportunities for Alberta companies exist for […] Read more
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Cattle disease outbreak under control: New Zealand ministry
Wellington / Reuters – New Zealand’s first outbreak of a serious bacterial cattle disease was well under control, the Primary Industries ministry said on Friday, with stock movement restrictions in place and testing continuing. News of the discovery of mycoplasma bovis earlier this week on a single farm in the world’s largest dairy exporter briefly […] Read more
Canada says TPP trade deal dead without U.S.
Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
Australia, New Zealand pledge to salvage TPP
Reuters — Australia hopes to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations into the agreement in the wake of U.S. President Donald Trump’s decision to pull his country out of the pact, its trade minister said on Tuesday. New Zealand’s trade minister said ministers from the remaining TPP countries would […] Read more
New Zealand dairy industry worries over Canada pricing plan
Wellington/Winnipeg | Reuters — New Zealand is closely watching changes in how Canada prices dairy products, New Zealand’s trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada’s dairy farmers and processors, which include Saputo and Parmalat Canada, struck a pricing agreement in July that industry groups in […] Read more
The downside of farm subsidies
Government money is usually welcomed but those who take it soon learn it can come with a heavy price
Reading Time: 3 minutes There are certain aspects of farming around the globe that are subsidized either directly or indirectly. In the world of trade, these are sensitive issues. For example, what is the true level of subsidization in China? How does it enhance its competitive advantage? What is the real cost of production? We have many guests in […] Read more
New Zealand to host TPP signing Feb. 4
New Zealand plans to host the signing of the Trans-Pacific Partnership trade pact by its 12 member nations on Feb. 4. The country’s trade minister, Todd McClay, confirmed in a statement Thursday that New Zealand has issued invitations to TPP ministers to sign the agreement in Auckland, marking the end of negotiations. Signing the deal […] Read more
Global dairy prices unexpectedly fall in overnight auction
Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday (all figures US$). Whole milk […] Read more
TPP not the death of supply management, N.Z. trade chief says
Hamilton, N.Z. | MCO — Canada’s supply-managed sectors should not worry about the Trans-Pacific Partnership, from where New Zealand’s Trade Minister Tim Groser sits. “I can understand why producer groups would wish to perceive this in a different way, but this is not the end of supply management,” he said here Thursday. “I don’t think […] Read more
Dairy farmers milk politics of Pacific trade pact
Reuters — New Zealand dairy farmers have a message for their Canadian counterparts, who worry a Pacific trade deal will throw them on the mercy of world markets and devastate their industry: It’s not so bad. But heavily protected Canadian farmers have reason for skepticism. A deadlock over dairy has emerged as one of the […] Read more
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