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

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news