Latest / Early Edition with Ryan Bridge / Richard McIntyre: Federated Farmers Dairy Chairperson on the monthly trade surplus

Transcript

Richard McIntyre: Federated Farmers Dairy Chairperson on the monthly trade surplus · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The primary sector has helped drive an April trade surplus
• 0:02
  Speaker 1: of one point four billion dollars, first billion dollar surplus
• 0:05
  Speaker 1: in five years. For the month, it was a five
• 0:08
  Speaker 1: hundred sorry, a twelve million dollar deficit the same time
• 0:12
  Speaker 1: last year. Dairy the big winner, up six hundred million
• 0:16
  Speaker 1: dollars on last year to a total of two point
• 0:18
  Speaker 1: two billion. Milk powder alone brought in a billion bucks,
• 0:21
  Speaker 1: up thirty two percent on last year. Richard McIntyre Federated
• 0:25
  Speaker 1: Farmer's Dairy chairperson with me this morning, Richard, good morning,
• 0:28
  Speaker 1: Good morning Ron. So this is something worth celebrating, is it?
• 0:32
  Speaker 1: Can you put it into context? Everyone's saying our farmers
• 0:34
  Speaker 1: are creaming it. I'm paying too much for my butter.
• 0:37
  Speaker 1: What do you say, Well.
• 0:39
  Speaker 2: Well, first, all right, there'll be a heap of dairy
• 0:41
  Speaker 2: farmers listening to your show this morning. With a smile
• 0:43
  Speaker 2: and the face he's just hearing it. You know, we're
• 0:45
  Speaker 2: so proud of our contribution to the economy and the
• 0:49
  Speaker 2: wider standing of the center of living that we help
• 0:53
  Speaker 2: New Zealand degenerate. Sorry, but look, yeah, there's a lot
• 0:57
  Speaker 2: going on in the space, you know. Definitely, milk is
• 1:00
  Speaker 2: a rising. The same way that everything else is rising
• 1:03
  Speaker 2: at the moment. But you know, dairy farmers aren't creamy it.
• 1:06
  Speaker 2: We are doing a right at the moment, but our
• 1:08
  Speaker 2: costs have gone up so much over the last few
• 1:10
  Speaker 2: years that you know, in all reality, all we're doing
• 1:13
  Speaker 2: is making a reasonable margin at the moment.
• 1:14
  Speaker 1: Yeah, on farm inflation and just whacked you guys for sex,
• 1:18
  Speaker 1: didn't that? So does this? How long do you? I mean,
• 1:22
  Speaker 1: I saw the ASB numbers for predictions for next season.
• 1:25
  Speaker 1: It's looking like it could be which starts shortly, could
• 1:27
  Speaker 1: be a good one.
• 1:28
  Speaker 2: Too, Yeah, definitely, you know, it's all innications are that
• 1:33
  Speaker 2: next season is going to be around the ten door
• 1:35
  Speaker 2: mark at the moment, but there's still a lot of
• 1:36
  Speaker 2: volatility out these internationally, so you never really know until
• 1:40
  Speaker 2: until you're told you've got it, you know, a year later.
• 1:43
  Speaker 2: But look, on farm costs are still sitting around the
• 1:45
  Speaker 2: eight dollar fifty marks, so you know, there's about a
• 1:47
  Speaker 2: dollar fifty margin for the average farmer at the moment.
• 1:50
  Speaker 2: So we're certainly not cream it, but it is certainly
• 1:53
  Speaker 2: a good time for the dear industry.
• 1:54
  Speaker 1: How can it be cheaper to get butter from Australia?
• 1:58
  Speaker 1: You know, you see these stories of bakeries going to
• 2:00
  Speaker 1: Australia to get their better rather than buying it from here.
• 2:04
  Speaker 2: Well, it's a good question. So you know New Zealand
• 2:06
  Speaker 2: dairy products attracted premium because they are grass fed, their safe,
• 2:11
  Speaker 2: they're nutritious, and they've also got the lowest greenhouse gas
• 2:14
  Speaker 2: emission footprint in the world, and so you know, international
• 2:17
  Speaker 2: customers are prepared to pay a premium for them, so
• 2:20
  Speaker 2: so often it is actually cheaper to import. I'll enjoy
• 2:25
  Speaker 2: saving this, but a fairy Australian product.
• 2:27
  Speaker 1: Richard, Thank you a nice explanation. Richard McIntyre, dairy cheaperson
• 2:30
  Speaker 1: at fed Farmers.
• 2:32
  Speaker 2: For more from Earlily Edition with Ryan Bridge, listen live
• 2:35
  Speaker 2: to news Talks it'd be from five am weekdays, or
• 2:38
  Speaker 2: follow the podcast on iHeartRadio