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

 

Bee products make a breakthrough in West Australia

11 August 2005

Apples may be out, but bee products make a breakthrough in Western Australia

Western Australia has approved market access for several New Zealand honey-derived products.

New Zealand's natural health care company, Comvita Limited, has secured state approval to sell 28 products.

The approval applies to propolis and processed products, not raw honey. They include Comvita's medical honey dressings.

Comvita's consumer division manager, Scott Coulter, says the products include ones with no honey or low-honey content with which the bees have not been in direct contact as a result of processing.

Coulter says Comvita's sales in Australia have grown 50% in the first half of this year, and sales in the new WA market are targeted to make 10% of the firm's total Australian revenues.

WA restricts bee product imports because of the risk they may introduce European Foulbrood. Comvita's access results from a successful application for a risk assessment by the WA chief veterinary officer.

Comvita, based at Paengaroa in the central Bay of Plenty, increased revenues by 4.9% to $14.5 million in its half year ending 30 June. Exports now make up 60% of all the firm's sales and grew by 30% in New Zealand dollar terms during the half year. Strong growth is being enjoyed in its main UK market, and in markets being opened in Taiwan, China and Japan. The firm is one of 21 finalists for the New Zealand Trade and Enterprise Export Award, being announced tonight (11 August).

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>

ALSO:



Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>


APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>


Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>