CPTPP takes effect on January 1

The Comprehensive and Progressive Trans Pacific Partnership trade and investment pact will come into effect next month after Australia’s ratification pushed the deal across the minimum acceptance threshold.

Meat gear still drives income

Providing automated equipment, including robotics, for the meat industry remains the main revenue driver for Scott Technology in its latest year.

Dunedin-based Scott Tech said it has also begun significant research and development projects aimed at transferring its technology and capability from lamb boning to other species such as beef, pork and poultry.

Food and tourism need unity

Leading food writer Lauraine Jacobs has welcomed the ANZ report calling for better connection between New Zealand’s food producers and those who visit to eat it.

Jacobs, former editor of Cuisine magazine, author and food columnist said the report has come the closest yet to identifying where NZ should be lifting its game to entice more high-spending foodie tourists. 

Tourist trade can benefit farmers

Getting tourists from the paddock and to the plate is a challenge for New Zealand’s two largest export sectors as global interest in food tourism continues to grow.

Farmlands doubles profit

Farmlands more than doubled its pretax profit in the June 30 year, up to $12.2 million from $5.4m a year earlier.

Capital return decision soon

PGG Wrightson directors might decide in December on the scale of the capital return to shareholders from a completed sale of the seeds business, deputy chairman Trevor Burt says.

Farmers urged to have Nait say

A nationwide effort to strengthen New Zealand’s animal tracing programme has ramped up with the public being asked to have a say on proposed changes to fix a system that hasn’t worked well.

PGW chairman Lai quits

PGG Wrightson Chairman Guanglin (Alan) Lai has quit as the firm’s chairman and from the board.

“I will always have great fondness for New Zealand and for PGW,” Lai said.

Rural MPs have less influence

About 10% of national politicians have had agribusiness careers but increasingly members of Parliament are being drawn from careers in the public or Parliamentary services.

Tax prompts more fuel rebate claims

The recent steep rise in fuel prices and the introduction of the regional fuel tax in Auckland have boosted the number and value of rebate claims, rebates firms report.

Fuel excise, now at 69c/litre on petrol and in Auckland 10c more on both petrol and diesel, adds up to big dollar amounts every quarterly rebate, Evonne Humphries, director of Fuel Rebates, in Morrinsville, said.