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

 

Balancing Samoa’s trade deficit – one banana at a time

Balancing Samoa’s trade deficit – one banana at a time.

New Zealand’s trading relationship with Samoa is long established but embarrassingly one-sided.

Back in the 1950’s, bananas accounted for a fifth of the money Samoan villages earned from export, and 62.5% of Western Samoa’s exports to New Zealand*. This however, changed dramatically. With increased demand and more accessible shipping, NZ importers started looking further afield to cheaper producers in South America and the Philippines.

*Source: ‘The Banana Industry in Western Samoa’, R. Gerard Ward, University of Auckland

New Zealand meanwhile, continues to grow its exports to Samoa, while Samoa’s trade into New Zealand is diminishing. In 2010, (NZ)$127.5 million worth of exports were shipped to Samoa (an increase of 31% on 2008 figures), compared to NZ$3million shipped back in return to New Zealand from Samoa (a decline of 55% on 2008 figures). The trade imbalance is staggering – in 2010 New Zealand exported 40 times more to Samoa than Samoa was able to export to New Zealand.

This week the banana boat started shipping bananas to New Zealand again and, in a small way, this imbalance is being redressed. New Zealand’s only locally owned banana company All Good Organics have re- introduced New Zealander’s to ethically sourced organic dried bananas from Samoa.

Says Chris Morrison, Co-Founder of All Good Organics, “Establishing sustainable trade with our Pacific neighbours was something we’ve been working on since the outset of All Good. New Zealand previously sourced all of its bananas from the Pacific and we were keen to re-introduce this important trade route. Samoa gets trade with New Zealand, and we get delicious dried bananas. It’s a win-win for everyone”.

To bring the dried bananas to New Zealand, All Good Organics started working with Oxfam and Samoa’s Women in Business Development Incorporated; a not-for-profit organisation working with over 250 small-scale farmers growing organically certified Misiluki bananas in Apia. Partnering closely with Oxfam and WIBDI, All Good have been able to provide these Samoan farmers with a market for a product that currently has almost no economic value locally.

As well as being good for the growers, and in turn Samoa, there are plenty of documented health benefits for eating All Good’s organic dried banana chunks too.

Unlike banana chips, which are commonly deep fried, All Good’s banana chunks are naturally dried. Made from the Misiluki, a sweeter tasting banana than the more commonly available Cavendish variety, the bananas are first peeled, then sliced and dried ripe.

Dried bananas are a good source of carbohydrates, low in fats and have no cholesterol. Being low in sodium and high in potassium, they can help to maintain blood pressure and reduce the risk of hypertension, heart diseases and atherosclerosis. They are also a great source of magnesium (which helps to relieve fatigue, relax the muscles, nerves & blood vessels), copper (which can help to reduce the risk of inflammatory diseases like rheumatoid arthritis) and manganese (which aids in the production of energy) as well as containing Vitamin C, Vitamin B6 and B-group vitamins.

All in all making All Good’s organic dried banana chunks good for the growers’ futures, as well as a tasty healthy sweet treat for you too.

**End**

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: