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

 

Coronavirus: Generates a “perfect storm” for meat exporters


3 February 2020


Coronavirus: Generates a “perfect storm” for meat exporters & a “get prepared” warning for other business

Business exporters and importers are advised to take steps to ensure there are ‘no surprises,’ if trade with China is disrupted by the Coronavirus situation.

“Talk to your bank, make sure customer expectations are established and understood, and that no sudden surprises occur,” suggests Auckland Business Chamber head, Michael Barnett.

He sees a perfect storm coming for meat and other traders.

“China is already cutting back on meat purchases, cool stores are filling up, and disrupted shipping to China will quickly see a back log here.

“With New Zealand’s shortage of pasture due to weather, farmers will want to send stock to the works – but with cool stores full they could face problems getting stock processed quickly.”

Barnett sees a perfect storm being generated, and warns that it could apply to the whole range of food exports New Zealand sends to China.

This maybe a ‘short term’ crisis, but the huge volume of New Zealand’s trade to China suggests we should understand the flow on implications of Coronavirus and get prepared.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>

ALSO:

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:



Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: