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


Balance Of Trade Data Sounds Warning Bells

"The trade deficit figures released yesterday send a clear message to New Zealand's political parties," said Federated Farmers Vice President Tom Lambie.

"The primary sector suffered from extremely adverse climatic events over the past two years, and it will take time to recover. Federated Farmers clearly flagged our concerns and forecasts of the potential outcome of the drought on the economy - to little avail."

"Export capacity for the traditional pastoral sector will take months to improve and it is highly probable that these poor balance of payment figures will continue."

"Once again, the importance of agriculture and farming to the national economy is reinforced. Rural New Zealand needs further reduction in central and local government spending and regulation if it is to perform."

"Farmers are well aware how much effort is needed to bring about growth. They will be looking hard to see a clear message from central and local government politicians that they are prepared to support farmers in their endeavours. Farmers are looking for a continued focus on tight control of the level of spending and regulation, trade liberalisation, and a further commitment to R&D funding."

"These figures must be a wake-up call to central and local government, and suburban New Zealand."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>


Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>


Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>


Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>


Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>