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Despite significant ongoing global turmoil, New Zealand agricultural producers are positioned for another profitable year in 2022, according to a just-released report by agribusiness banking specialist Rabobank. The report says 2021 had seen record farmgate pricing locally for most New Zealand-produced agricultural commodities. The New Zealand agricultural sector had performed well in navigating erratic supply […]
Inflation has hit its highest level in 30 years as consumer prices rose 1.4 percent in the three months ended December, taking the annual rate to 5.9 percent. The surge in housing, transport, building, and recreational goods was just above forecasts. Inflation pressures were broadbased with eight of the 11 price groups used by Stats […]
Covid-19 continues to affect international student numbers at the South’s tertiary institutions. In 2019, before the Covid pandemic, about 3000 international students attended the University of Otago, its international office director, Jason Cushen, said. Since 2020, through the Government’s allocations, 148 students have received permission to return to the university. To date, 91 of these […]
Today, the world’s largest free trade agreement went into effect in Korea, bringing Asia-Pacific economies together into an unprecedented bloc, covering 30% of the global GDP. The actual trade benefits of the Regional Comprehensive Economic Partnership (RCEP) will not be fully effective for decades and are not necessarily all that significant. What matters most are […]
A falling New Zealand dollar may bring more costs than benefits to the economy. The currency has fallen more than 8 percent over the past three months against the US dollar, and has been settling around a 15-month low at 65.3 US cents. The Reserve Bank’s preferred currency measure, the trade weighted index – a […]
A new forum is being planned in Invercargill in 2022 to expand Southland’s business connections with the Asian market. Great South Asia market development manager Ella Zhang said there were “significant opportunities” for Southlanders to establish connections with the Asian market –most simply weren’t aware of them. The recent Te Waipounamu and Asia Foundation report, […]
International trade has bounced back from the pandemic, with strong growth over the past year. An annual Trade Trends & Insights publication for 2021 report by legal firm Chapman Tripp indicates global merchandise trade rose nearly 11 percent in 2021, after dropping 5.3 percent in 2020. Trade had been supported by fiscal and monetary stimuli […]
A New Zealand sheep milk producer with 13 Waikato-based suppliers has signed with a new Chinese distributor following an international trade expo in China. The China International Import Export event is normally one of the largest expos each year, and despite Covid-19 forcing organisers to scale things back, it was still a significant show. Twenty-two […]
Economists expect the Reserve Bank to increase interest rates again this Wednesday. Factors which will influence the Reserve Bank of New Zealand [RBNZ] decision include high inflation, low unemployment rising wage pressures and record high house prices. The RBNZ began implementing its tightening policy in October. Whilst there is some differing of opinion, the majority […]
A New Zealand oral care company is all smiles after a partnership with a Chinese influencer saw its sales go through the roof ahead of the Singles’ Day holiday. Auckland-based company Grin Natural sold 115,000 toothpastes in 115 seconds in China during an online event with Austin Li, known as the “Lipstick King” in the […]
