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/

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Restarts: Prime Minister’s Statement

Our policy agenda and legislative programme will reflect the Government’s four priorities: • to responsibly manage the Government’s finances • to build a more competitive and productive economy • to deliver better public services to New Zealanders, an • to support the rebuilding of Christchurch. More>>

ALSO:

NZEI Survey Report: Special Needs Students Missing Out

The survey revealed that around 16 percent of students were on schools’ special needs registers, but nearly 90 percent of schools’ special needs coordinators did not believe there was adequate support for students and their learning... More>>

ALSO:

Interim Report: Waitangi Tribunal On Ture Whenua Legislation

Labour on Proposed changes to Maori land rules: “To have Treaty Negotiations Minister Chris Finlayson dismiss findings as ‘bizarre’ is totally disingenuous and disrespectful. What’s bizarre is Maori Development Minister Te Ururoa Flavell stubbornly pushing through this Bill before the Waitangi Tribunal has even completed its report..." More>>

ALSO:

Spy Update: Appointment Of GCSB Acting Director

GCSB Chief Legal Advisor Lisa Fong will become the Acting Director of the Government Communications Security Bureau (GCSB) from 15 February 2016, Minister Responsible for the GCSB Christopher Finlayson announced today. More>>

Protests Close Roads: TPP Signed In Auckland

“TPP was signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Viet Nam.” More>>

ALSO:

Emails Behind 'Diplomatic Immunity' Case: Whitehead Report Released

“As previously indicated the conclusions reached by Mr Whitehead’s investigation are not unexpected but they are very disappointing,” Mr Mccully says. “At the heart of the matter is a single email, along with procedural shortcomings, which gave Malaysian officials the impression it would be acceptable for Mr Rizalman to return to Malaysia." More>>

ALSO:

Gordon Campbell: On The Treaty/TPP Overlap, And Iowa

The fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. More>>

ALSO:

Christchurch Red Zone Offers: Fresh High Court Proceedings

Grant Cameron, Solicitor for the Quake Outcasts said “the action seeks judicial review of the Crown’s recent decision to make a fresh offer to purchase properties from uninsured property owners in red zones. More>>

ALSO:

PM's Post-Cabinet Press Conference: Waitangi And TPP

Prime Minister John Key on Tuesday said his office has received an invitation for him to visit the Lower Marae on Waitangi Day, but was waiting for a meeting of the Te Tii Marae Trustees. More>>

ALSO:

Flagged: 'Wrong Colour' Bridge Flag To Change

NZ First: Only 13 days after National trumpeted its legally questionable flag on Auckland Harbour Bridge, it is now coming down because it is the wrong colour... “Mr Key’s latest flag fiasco is another waste of taxpayers' money. Given it is coming down, down is exactly the location where it should remain. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news