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Free trade deal with China could remove hundreds of millions of dollars in dairy tariffs over a decade

Tuesday, 11 November 2014 15:23 Published in News & Updates

Australia - The Australian dairy industry and Chinese importers of Australian dairy goods could save more than $630 million in tariff duties over a decade, if Australia gets a free trade agreement with China that matches New Zealand's deal, according to industry analysis..Read more 

Japan imports emergency supplies of butter and powdered milk

Tuesday, 28 October 2014 16:26 Published in News & Updates

Japan - Japan has announced plans for emergency imports of 3,000 tonnes of butter and 10,000 tonnes of powdered milk, underlining its eroding food security. Another 7,000 tonnes of butter were imported earlier this year, although the purchase of skimmed milk is a first since 1997 and the largest in Japan's history..Read more 

Australia overtook China as New Zealand's top export destination

Monday, 27 October 2014 11:15 Published in News & Updates

Australia overtook China as New Zealand's top export destination in the quarter ending September as falling commodity prices drove export values down for the second quarter running, the government statistics agency announced on Friday. The value of exports fell three percent to 12 billion NZ dollars (9.39 billion U.S. dollars) in the September quarter,.Read more 

Dairy product prices rebound from five-year low

Friday, 17 October 2014 16:37 Published in News & Updates

New Zealand - Dairy product prices rose in the latest GlobalDairyTrade auction, recovering from the lowest level in five years, as gains in anhydrous milk fat and sweet whey powder outweighed declines in rennet casein and butter milk powder. The GDT average winning price rose 1.4% to US$2,640, up from US$2,599 two weeks ago..Read more 

With a free trade deal Australia can win China’s dairy market

Wednesday, 08 October 2014 15:52 Published in News & Updates

Global demand for internationally traded dairy products is now dominated by China. Although Australia has benefited from this, with annual dairy exports to China now worth over A$500 million, the growth has been much slower than what New Zealand has achieved. Latest New Zealand statistics to June 2014 show..Read more