Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Food and beverage sector driving growth

Food and beverage sector driving growth

New Zealand’s food and beverage industry is well positioned for substantial growth, with exports on track to double in value in the next 15 years to US$40 billion, according to reports released today.

Economic Development Minister Steven Joyce today released the 2014 edition of the Investors’ Guide to the New Zealand Food and Beverage Industry. The Investors Guide showcases the key factors driving New Zealand’s food exporting success: high-quality ingredients, disease-free status, comprehensive network of free trade agreements, world-leading business environment, and strong food science capability.

“The Investors Guide shows significant investment and acquisition activity which indicates a dynamic and growing industry, and we are seeing the results in export performance,” Mr Joyce says.

“Major capital investments have been made in the food and beverage industry in the last several years totalling NZ$2 billion, with an additional NZ$1.5 billion of assets changing hands.

“New Zealand’s food and beverage exports have grown at 11 per cent per annum for a decade and are now worth US$20 billion. Our export performance is improving relative to other temperate food exporting countries.

“Doubling exports in real terms in 15 years is a tall order, but all the research backed by the steady flow of business investment and growing demand for New Zealand products suggests it is achievable.”

The Food and Beverage Overview Report - also released today - complements the Investors Guide with profiles of the top 50 food and beverage companies operating in New Zealand. Collectively these generate revenues of $42 billion.

“It is encouraging to see the top 50 includes a number of fast-growing companies that export a diverse range of products, from nutritional products to baked goods and prepared meals,” Mr Joyce says.

The Food and Beverage Reports are the latest to be produced in the ongoing Food and Beverage Information Project. By highlighting opportunities in the industry, the project contributes to the Government’s Business Growth Agenda priorities of growing competitive businesses to create jobs and increase exports.

The reports are available from http://www.med.govt.nz/sectors-industries/food-beverage/information-project/


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news