Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Food and beverage reports good news for industry

Food and beverage reports good news for industry


The NZ Food and Grocery Council welcomes the release of the latest growth and investment reports on the food and beverage industry.

The reports – Emerging Growth Opportunities in NZ Food & Beverage, Investment Opportunities in the NZ Chocolate Industry, and Investment Opportunities in the NZ Cherry Industry – have been launched by Economic Development Minister David Parker.

The reports are part of the Ministry of Business, Innovation and Employment’s Food and Beverage Information Project, whose objective is to identify emerging high potential food and beverage export categories.

FGC Chief Executive Katherine Rich says they spell good news for the food and beverage industry.

“What’s particularly significant from the Emerging Growth Opportunities report is the double-digit growth and the potential shown by many non-traditional categories. These include mānuka honey, chocolate, cherries and shellfish.

“This is a further illustration of how we are continuing to diversify the economy.

“The reports show New Zealand has a clear comparative advantage in food and beverage.

“They highlight that authentic and natural products built on a strong ‘Brand NZ’ are attracting significant price premiums over the average world price in nearly all the growth categories. For example, honey achieves 707% over the world price, fluid milk/cream 145%, fresh cheese 139%, innovative foods 130%, retail infant formula 126%.”

They also identify 51 high-growth non-traditional categories with export revenue of more than NZ$10 billion, and profile 20 food and beverage categories that have shown strong growth and that have high potential.

The report on the chocolate industry says that after success in premium wine and honey exports, New Zealand is well positioned for success with premium chocolate.

“These guides are a magnificent resource for food companies and policy makers, and will help FGC’s members make critical business decisions, and inform market development and investment decisions.

“The food and beverage industry is already a major contributor to the economy, but there is always opportunity for growth and expansion. To do that companies need opportunities and access to good information that reports such as these can provide.”

They were compiled by FGC member Coriolis Research with support from MBIE, NZ Trade and Enterprise, and the Ministry for Primary Industries.

The reports:
NZ Food & Beverage
Chocolate
Cherry Industry


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO:

Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>

ALSO: