How Have Dairy Agro-Businesses Fared in the Pandemic?

• March 26, 2021 02:59 PM NZDT
• Team Kalkine

Source:Guillaume Garin ,Shutterstock New Zealand is heavily dependent on the agriculture sector, products of which are one of the largest chunks of its exports. In 2020, 6.7% NZ fruits and nuts were exported from the nation, valued at $2.5 billion. ...

• March 14, 2021 08:55 AM NZDT
• Team Kalkine

Source: aleksandr talancev, Shutterstock In the times of the deadly coronavirus pandemic, which started last year and has still not completely subsided, food prices across the globe got a major blow owing to obstructions in its supply, stockpiling, ...

• March 04, 2021 04:47 PM NZDT
• Team Kalkine

Source: Parilov ,Shutterstock Economies all over the world have been greatly impacted by the ghastly pandemic. However, some sectors offering essential goods and services continued to grow, despite facing COVID-19 related challenges. One such ...

• February 15, 2021 10:26 PM NZDT
• Team Kalkine

Summary Seeka announced the settlement of NZ$40M claim made by Kiwifruit in 2010. The alleged total losses of Kiwifruit were equivalent to NZ$885M. The Court hearings for the case had been held in the year 2017 and decision was made by 2018. ...

• February 12, 2021 03:20 PM NZDT
• Team Kalkine

Summary RAK shares were up on the NZX, trading 9.09% higher at $0.84 on 12 February 2021, following the announcement of RAK securing significant orders. Rakon obtained several significant orders from new and existing clients. The Company is li...

• February 10, 2021 03:35 PM NZDT
• Hina Chowdhary

Summary Chinese authority, GACC places ban on Sanford plant exports to China after the video audit. MPI is seeking urgent response from China on the matter since the ban was announced on Monday. Sanford does not expect any material impact from...

• February 09, 2021 07:19 PM NZDT
• Team Kalkine

The freights and logistics sector is integral in increasing the economic growth and productivity of a country. NZ’s freight and logistics industry is characterised by a system of distinct transport modes and organisations engaged in providing i...

• February 08, 2021 05:32 PM NZDT
• Kunal Sawhney

Summary Fonterra Group outlook affirmed ‘Stable’ from ‘Negative’, as revised by Fitch Ratings. The Company’s performance in New Zealand and Australia were revealed to be flat on pcp, however, the production in Euro...

• February 08, 2021 03:58 PM NZDT
• Team Kalkine

Summary The New Zealand Wine industry did well in the year 2020, despite COVID induced restrictions. Delegat recorded operating NPAT at $60.8 million, which was 20% on pcp in its annual report. In its annual results, Marlborough Wine noted 19%...

• February 04, 2021 06:23 AM NZDT
• Kunal Sawhney

Summary COVID-19 brought several challenges and fluctuations in the NZ Food and Beverage sector in 2020. NZ Companies changed their ways of promotion and marketing, sales, and pricing in order to meet the requirements of the turbulent year. NZ...