Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Good morning. I never ready Manu, and this is your
morning news fix for Friday, eighteenth of July. In this update,
we may have to get used to paying more for butter.
Later stats and Z figures show the average five hundred
grand block of butter is now eight dollars sixty, almost
double what it was in April last year. Global wholesale
(00:24):
prices have been rising even more sharply. High Ground dairy
consultants Ju Davison says Europe is producing and exporting less
while Asia is consuming more.
Speaker 2 (00:34):
Diets have been developing in Asia.
Speaker 1 (00:36):
The premise of including butter and more Western Dietonizasian nations
has been big driver. Overall food prices have increased four
point six percent in the past year. Power prices are
up ten point four percent, and gas is up sixteen
point four There's been a breakthrough overnight in the long
running dispute with Canada over our dairy exports. Canada's agreed
(00:57):
to meet its obligations under the CPTP trade deal, worth
about one hundred and fifty seven million dollars to our
dairy exporters. New figures are sparking fresh debate about benefit sanctions.
MSD stats show almost eight thousand more people were receiving
a main benefit last month than in March. That's despite
(01:18):
the introduction of new requirements aim at getting more people
into the workforce. Business figures, political leaders and international experts
are set to do a deep dive into New Zealand
China economic relations today. The eleventh China Business Summit is
taking place in Auckland and will unpack opportunities and the
geopolitical headwinds impacting our bilateral relationship. Summitt. Giofran O'Sullivan says
(01:43):
the Prime Minister will speak, providing a good opportunity to
hear how he'll navigate future relations, how is he going
to be unlocking new business opportunities, how he plans to
consolidate that will there be visits by some of his ministers,
and that's actually quite important. Wellington's mayor believes the government
gives too many instructions without putting out a hand in partnership.
(02:06):
The Local Government Conference is wrapped up in christ Church,
asking some big questions on the relationship between councils and
central government. The government's announced a ban on rimay changes
before a new planning system comes into force. Meya Torre
Farno says the Prime Minister's priorities aren't in check with
more costs being put on councils.
Speaker 2 (02:26):
He forgets that most of us, all of us were
elected on a particular platform and a particular mandate. We
are all delivering on that. They are imposing more costs
on us without the finance tools.
Speaker 1 (02:36):
Health officials have identified six new locations of interest in
fielding as they confirm three further measles cases linked to
recent cases and wided upper It brings a total number
of cases to eight. Investigations are underway into an overnight
residential building fire in Wellington's New Town. Crews were called
to the two story building on Mansfield Street around midnight.
(02:59):
In Sport, the Open golf Major at Royal Port Rush
has challenged via blustery conditions in the first round. Daniel
Hilliers sits in a share of thirty ninth at even
par and Ryan Fox is in a tie for one
hundred and twenty first after cnting a four over par
seventy five. The leaders sit at four under today. Pagacha
is back in the yellow jersey on Cycling's Tour de
(03:20):
France after blitzing them mountainous Stage twelve. The Dolphins have
beaten the Cowboys forty three twenty four to open Round
twenty of League's NRL. I'm never retty. Manu then Chelatea's
news Fix. We'll be back with the next update at
midday from the newstalk zb newsroom