Episode Transcript
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Speaker 1 (00:00):
Catch all the latest from the land. It's the Country
Podcast with Jamie McKay. Thanks to Aisuzu get Demo deals
on the Tough Dmax today.
Speaker 2 (00:34):
Gooday, New Zealand, Welcome to the Country. A great day
for New Zealand farming. A lot of mystery had surrounded
the global I'm Jamie McKay, by the way, A lot
of mystery had surrounded this morning's global dairy trade auction.
We had unofficial reports from industry sources, but I can
confirm hot off the press, Fonterra has just published the
(00:56):
results from this morning's global dairy trade auction. Will to
Richard Allen, Fonterra's President of Global Ingredients a bit later
in the show, but here it is. Folks up six
point seven percent across the board. That's the index. The
individual numbers whole milk powder five point three percent, lift
skim milk powder are whopping ten point six percent, butter
(01:18):
eight point eight A great result for the dairy industry.
More about that later in the show. But we're going
to kick off the show with the Prime Minister as
we go Country on the Country, Siren Taylor to dig
or not to dig? A New Zealand businessman and entrepreneur
are prepares to take on Martua. Shane Jones, the Prince
of the province, is over gold mining in Bendigo's Central
(01:40):
Otago and is your chocolate going to tastes different? Well,
not as good in years to come, We're going to
talk about the problems facing the cocoa bean industry with
Paul Jules out of Rabobank's Sydney office.
Speaker 3 (01:56):
It's all on the Country.
Speaker 2 (02:15):
The Prime Minister kicking off the country on a Wednesday
as we go Country with a new single from Jackie
Bristow along with a sister Katrina, Let It Rain. Christopher Luxen,
you've only just sampled it, but that's quite catchy.
Speaker 4 (02:28):
Oh that's awesome. I mean Jackie Bristow is amazing and
I just encourage everyone get out, listen to it and
just support great Kiwi country music. And she's done well
and she's got some recognition overseas as well. So an
awesome song, Let It Rain by Jackie and his sister Katrina. Fantastic.
So now get into it.
Speaker 2 (02:45):
Well there you go in endorsement from the very top
and it's the song is called let It Rain. I
hope it doesn't rain. Next Wednesday. This time next Wednesday
when we're about to do our broadcast from the Parliament
Parliament lawns.
Speaker 4 (02:59):
Yeah well you yeah exactly. I mean it's National Lamb
Day and we did that from the Parliament lawns. And
I mean, what a great year for lamb. I mean
and sheep meats in general. I mean, sheep meat exports
at record high price, record prices this year, and we
had really strong demand from all around the world. Yesterday
I was actually with the German Foreign Minister and you know,
looking at our exports there and you know, our total
(03:19):
experts are up twenty eight percent. But you know, red
meat lamb has been doing exceptionally well and it's projected
to continue to rise over the next couple of years
because you know, there's a lot more demand than there
is supply of products around the world. So really fantastic,
you know, I think, I think, I think the average
value of sheep meat I think for the last month
was about thirteen dollars forty four. It's about thirty almost
over a third higher than what it was a year ago.
(03:40):
So that's all really positive news. So mars Well celebrated
I think my friend.
Speaker 2 (03:44):
Okay, so we've got the National Lamb Day barbecue. It's
on the Parliamentary lawns on the Wednesday.
Speaker 4 (03:50):
You remember last year, Remember last year I made that
fashion faux pa where I put the next land T
shirt out of my suits.
Speaker 2 (03:55):
Don't do that again. You're a hey, you're a bit
like a foreman National Party leader Simon Bridges, And I
said to him, whatever you do, Simon, don't turn up
to field days in a pinstripe suit and a brand
new red band gun boots. What did he do?
Speaker 4 (04:11):
I've got, you know, I've got my I like getting
into my rms and my on and gun get.
Speaker 5 (04:17):
It's all good.
Speaker 2 (04:18):
That's next Wednesday, next Friday. And of course it's the
regional field day season getting underway with Southern field Days
down and Gore or just outside of Gore at why
murmur bloody. I mean great field days, a better mind
my language there.
Speaker 4 (04:31):
And there before, and it's fantastic. I bet you and
I catching up when I'm there next week. But it's
actually really fantastic. But I just think the move's really good.
And I think you know, as I've been going around
and you talk to farmers, they're very grateful that Nationals. Actually,
we put a plan together before the election, we said
what we do and we've just been getting on and
executing it and getting it done.
Speaker 5 (04:49):
I think they appreciate that.
Speaker 2 (04:50):
The Southern field Days, East Coast Farming Expo, Northland Central Districts,
and of course then we have Mystery Creek. You'll be there.
You're going to try and get to some other other
of those regional field days.
Speaker 4 (05:01):
Absolutely, yeah, I mean I've been. I've got around to
quite a few over the courses.
Speaker 5 (05:04):
Each year.
Speaker 4 (05:04):
I get to as many as I possibly can, so
definitely be at field days. Definitely. I'm at Gore and
the others. Is just a question of how it fits
with the parliamentary schedule. But no, I try and go
to every field day I possibly can. I enjoy them
because it's a change of scenery. You're getting out talking
to real people, hearing what's going on, and they're pretty
straight up with you, which is great.
Speaker 2 (05:22):
Yeah, you'll probably get a better reception at the regional
field days than you will at White Tangy Day.
Speaker 4 (05:28):
Well I'm on my way to wait Hanging now and
today I've got a meeting with all the EWE leaders
and a couple other meetings this evening. Actually I'm meaning
with some of the Ewe that were impacted by the
weather events up north again as well, which would be
second time meeting with them and just making sure we've
got all the things getting into recovery mode well. And
then tomorrow's the big poephry with all the politicians come
(05:50):
onto the Tredy grounds and then I'll be back in
Auckland on Nature Waite.
Speaker 5 (05:54):
Tangy Day and doing some community Waite Tanny Day events.
Speaker 2 (05:57):
Were you attempted to do a Helen Clark a John
he just cinder r durn even and not turn up.
Speaker 5 (06:04):
Well?
Speaker 4 (06:04):
Remember last year I actually went down to Akara and
celebrated Watani Day with Natahu and that was brilliant And
I really had always wanted to go to other parts
of the country where it signed and I really enjoyed that.
And so you know, I'm back here this year. But
you know, who knows what happened in coming years.
Speaker 2 (06:21):
Just to fundsh on who's right, Shane Jones or sar
En Taylor. When it comes to gold mining at Bendigo
in central Otago. Is this the national good or is
this a nimbiaism? Now?
Speaker 4 (06:32):
Look, I mean we've got to get more mining underway
in this country. I mean, we are blessed with a
bunch of critical minerals, which is where the future is
going to be. With AI and super conducted chips and
all those good things. They create high paying jobs in
regional New Zealand. And you know we also need mining. Frankly,
if you want to make the transition to evs and
solar panels, well where did that or come from? It
(06:53):
comes from minerals on the ground. So you know, we
really want to open up mining. We think there's a
huge opportunity create high pain jobs in regional New Zealand,
and we'll do so responsibly, of course, and responsible offerators
are expected to hold their obligations and meet their obligations.
But you know, if we want, you know, we're finding it.
Even on quarrying, you know, we've not really had a
great set of it's been too hard to build quarries
(07:14):
and open up quarries. Well, we need them if we're
going to build quality roads. We don't want to be
shifting gravel around the country. We need to do it
closer in to where the roads are being built. So
now we think there's a huge opportunity.
Speaker 2 (07:24):
There Saren Taylor, Sir Sam Neil, I think you, sir, sir,
and as Graham Suddeney a sir, I think he might
be as well. So are those three surs just elitists?
Speaker 4 (07:34):
Well, no, they're quite right to have their point of
view about it all. And I think the conversation, the
debate's a good one to have. It's just I think
we can do mining and do so responsibly and create
high paying regional jobs.
Speaker 6 (07:46):
That's what this is about.
Speaker 4 (07:48):
And I think the conversations are important because we want
to make sure the right safeguards are in place. We
want to make sure it's done responsibly and that both
you know they can coexist and I think you know that.
That's what conversation should be about.
Speaker 2 (08:02):
Prime Minister Christopher Luxon, thanks for your time. We'll catch
your next Wednesday on Parliament Lawns for the National Lamb
Day barbecue and Wellington hikay.
Speaker 4 (08:10):
Thank you, Jamie, have a great week.
Speaker 2 (08:12):
Thank you, Prime Minister. Quarter after twelve you are with
the country. Jackie Bristow and a sister Katrina let it
rain talking about National Lamb Day. FMG once again proud
sponsor of National Lamb Day along with the likes a
Beef and Lamb New Zealand AG Proud Rabobanker in there
as well. It's happening Sunday week, Sunday the fifteenth of February.
(08:37):
Excuse me, it's an opportunity to celebrate our farmers and
world class lamb producers. Soap a good team at FMG
who also fund and a partners with Farmstrong doing great
work there. They've given us five hundred dollars worth of
meat vouchers to give away every day this week. We've
got some for today and our last lot for tomorrow.
If you want to enter, we'll announce the winner of
(09:00):
yesterday's entries very very shortly. Michelle will just go to
our website the country dot co dot n z hinned
at the top there enter and it's your last chance
tomorrow to win five hundred dollars worth of meat. How
good would it be to have five hundred dollars of
lamb being couried to your place for National Lamb Day
(09:21):
Sunday February fifteenth, While we talked to the Prime Minister
about mining in Central Otago. So who's right, matur Shane
or Saren Taylor. Let's ask the latter after the break.
Speaker 5 (09:46):
Take into jam.
Speaker 2 (09:53):
So you've heard from Prime Minister Christopher Luxen to dig
or not to dig in Central Otago for gold, just
reminding you this is what he said earlier in the show.
Who's right, Shane Jones or Saren Taylor when it comes
to gold mining at Bendigo in Central Otago? Is this
the national good or is this a nimbiaism?
Speaker 5 (10:14):
Now?
Speaker 4 (10:14):
Look, I mean we've got to get more mining underway
in this country. I mean we are blessed with a
bunch of critical minerals, which is where the future is
going to be. With AI and superconducted chips and all
those good things. They create high paying jobs in regional
New Zealand. And you know we also need mining. Frankly,
if you want to make the transition to evs and
solar panels, well, whether that or come from it comes
(10:35):
from minerals on the ground. So you know, we really
want to open up mining. We think there's a huge
opportunity create high paying jobs in regional New Zealand.
Speaker 3 (10:43):
So there we go.
Speaker 2 (10:44):
Saren Taylor joins us, and why don't you want to
create high paying jobs and regional New Zealand. Good afternoon,
New Zealand time. Yeah.
Speaker 5 (10:53):
Hey, well it's interesting the partners didn't address my article
at all. See he's address what everyone who's supporting mining does.
They go straight to mining minerals across the country. Now,
my discussion here and the debate I will have with
Shame isn't about mining minerals. It's about mining gold.
Speaker 6 (11:17):
And the Prime.
Speaker 5 (11:17):
Minister just attributed gold because I'm only talking about one mind,
it's the one in Bendigo, and the Prime Minister just
attributed the one mineral they're going to take out of
the ground there gold to being the secret to all
of our answers for aiavs all of it. It's not
(11:38):
used in any of those. It's put in the ground,
in safes, made into jewelry. I think it's a I
can't remember what the percentage that's actually used in anything
electronic or technically advanced, but it's minuscule. And if they
truly believed in that, then there's plenty of gold in
the world already that has been that could do everything
(12:01):
we need to do. So the people sort of opposing
the argument I've put keep jumping to mining everywhere. I
didn't mention mining anywhere else other than then to go.
Speaker 2 (12:16):
Okay, is that nimbiism? Is that nimbiaism? You might Sir
Sam Nil, Sir Graham Sidney just not wanting that in
their backyard.
Speaker 5 (12:25):
Well, the backyard we're talking about is all of New Zealand.
I mean the backyard we're talking about is drives tourism
in New Zealand, It drives horticulture in New Zealand, it
dries murticulture in New Zealand. It is part of our
part of the reputation we have around the country. That's
why people come to Queenstown, That's why people come to Otago.
(12:48):
It's and again it's that really narrow argument that people
have gone. They're not debating me on the one mine
I mentioned, and now they move to Nimbiaism to claim
that this is us back arguing about our backyard. It's
not our backyard, it's the country's backyard. And if the
piman still wants to talk about creating jobs, Otarget has
(13:10):
one of the lowest unemployments in the country.
Speaker 2 (13:13):
You talked about gold gold mine, and gold's very valuable
recently at record highs. Can we afford to leave it
sitting there, I'm playing Devil's advocate.
Speaker 5 (13:22):
Sure, so you just jumped to it recently, recently at
that recently at record levels today plummeting. So it's a
volatile market, and it's valuable only because we put it
back into safe and into the ground. So the question
we ask, and we're talking about one mine, not all mines,
(13:45):
one mine, and we're talking about a teaspoon of gold
that requires one thousand tons of ground to be dug
up out of the earth and creating a whole. I
haven't said don't do it. I just said don't fast
track it because there are too many questions. And my
argument is is the risk reward valid for this particular mind.
Speaker 2 (14:11):
Srien Taylor with US Shane Jones said it's behind a whole.
No one's going to see it anyhow.
Speaker 5 (14:19):
But that doesn't address my question. It can be anywhere
you like. My question is, are we prepared to create
a toxic lake that has a dam that is the
height of the Clyde Dam put it in a place
where I mean, there's an argument whether people will see
it or not, but that argument is relevant, irrelevant. Let's
(14:40):
assume people don't see it at all, but there will
be a toxic dam with arthenic and a whole lot
of other things sitting on in a seismic region where
we know we're going to have an earthquake, and it's
sitting up there forever. What for a teaspoon of gold?
Speaker 2 (15:00):
The Prime Minister was talking about high paying jobs and
regional New Zealand, and I note on the story in
the Otago Daily Times yesterday, you're talking about one hundred
percent pure New Zealand brand. Can that provide as many jobs?
Speaker 5 (15:16):
Yes? And I guess not to not to be cleared
what I'll be debating with the Jones, but there is
a solution. There is a huge solution for high value
jobs in the region, and it actually has to do
with a replacement for minerals. And maybe just to give
(15:38):
you a flight hint of where I'll be going on this,
but most of all of the most of the fossil frees,
mine and debt up actually the result of millions and
millions and millions of years of trees degrading beneath the ground.
So there's a whole other area which I'll mention it here.
(16:01):
So they claim that three billion dollars in it has
a three billion dollar lift to our GDP. Well, I'm
on a group called the New Zealand Product Accelerator. We've
been around for fifteen years and the job of that
Product Accelerator is a look to look at science and
technology that's being developed in New Zealand and how it
will benefit the country. So one of the research papers
(16:24):
we've done, independent research suggests that New Zealand bioforestry, which
actually accesses a whole lot of the things that are
needed for today's electronic economy, is worth between twelve and
thirty billion a year. And what are we doing. We're
going down digging into the ground. Gold isn't an example
of it, but digging into the ground to pull up
(16:46):
stuff that actually began its life as trees and billions
of years ago. So there is another argument that's being
ignored by everybody who wants to go mining.
Speaker 2 (16:56):
Shane Jones says, and I'm quoting again from the otago
Daily time smining was neither funded nor delivered in the
way it was thirty to fifty years ago. He goes
on to say, the next generation, we're looking to the
government to create new options in the extractive sector.
Speaker 5 (17:13):
What do you say to that, No, see he's taken
a step. Yes, the next year, the next generation is.
And you know, my argument here has always been about
the next generation. I'm here with my grandchildren, and I
have a thing. I call it the coalition of the willing.
And to belong to the coalition of the willing each
(17:35):
day you need to be able to look to your
grandchildren in the eye and say, today I did something
that will make a difference for you. So I've got
my grandkids over here, and this debate I'm having a
shame is along those lines. It's about our walk upon it. Now.
He just defined what the future generation because he said
it's their responsibility to advance extractive solutions. Let's just take
(18:00):
extracted out of it. The government or our job as grandparents,
our job as politicians is definitely to look at the
future generations. And if we were being really genuine about it,
could I look my grandson in the eye and say, hey,
we're just going to do a really cool thing. We
are going to create a toxic lake at the top
(18:22):
of a mountain above the waterways that feed all of
Central Otago and the New Zealand economy, tourism, viticulture, horticulture,
and the jobs they have already created. Am I able
to look them into the eye and say, and you
know what, I can guarantee you one hundred percent that
that poison Lake will stay on the top of that
(18:43):
hill forever.
Speaker 2 (18:46):
Do that, Saren Taylor, have you got a date and
a venue for this debate? I want to get some
popcorn and go along.
Speaker 6 (18:52):
Yes.
Speaker 5 (18:53):
Well, I'm working with Shane now to put this in context.
I've had discussion. I've known much judge for a very
long time. I mean, I was born in Cayo, come
from the same place, and you know, I love the
discussions we have and I'm looking forward to this. We
haven't got a date yet. I'm away overseas for a
(19:15):
couple of weeks. I'm in touch with this office. We're
hoping to hold it in I had originally thought that
we'd hold it in the Tariff Community Center, but just
in hindsight, I then thought, well, actually that may disadvantage
Shane and the debate, although that wouldn't worry him, but
(19:35):
there I am placing it right in the context where
he might have a lot of people yelling at himddle
or a lot of people yelling at me. So I'm
just looking for I think I've got it a place
where the debate will only be Shane and I and
a moderator. So I would hope that we would have
that debate in the you know, he mentioned our Polynesian voyages,
(19:59):
and I hope we will have that in the spirit
of pacifica conversations, which is talanoah and talanoah means no
matter your point of view, you always sit, you talk
and listen with respect. And I think we have more
chance of doing that. Who it's just Shane and.
Speaker 2 (20:17):
I, Sireen Taylor with us, just while I've got you,
and I'm running out of time, but I want to
ask you about this one. You're big on share my Super. Look,
if you can afford to give you superannuation, if you
don't need it to someone in need, here's my question
for you. Surely when it comes to the age of
eligibility for national super that the first step would be
raising the age of eligibility to sixty seven.
Speaker 5 (20:38):
Well, I do have a viewer on that, and you know,
maybe before I got involved with Share my Super, I
would have argued that as well. But what I've discovered is,
and what we're seeing increasingly is that there are people
in the age of sixty five, some even younger than that,
who are really really struggling to survive, and if this
(21:01):
cost of living carries on it aids of our eligibility
is almost that kind of the latest thing from rich
people as well. You know, I can wait till I'm
sixty seven. I'm okay, but actually we need to step back,
and you know, I don't have the answer. You know,
there's means testing, there's all sorts of other things, but
this has been sitting in the hands of politicians forever
(21:24):
and they doodle around the edges and shift making. A
decision to shift at sixty seven just means there's going
to be a whole lot more elderly people suffer, and
that's going to get worse if this cost of living
crisis keeps going the way it is. So the thing
that cheer My said, it's really cool that you've asked now,
because we are about to relaunch the campaign we ran
(21:46):
last year just as a reminders of people that if
you can share it, even for a short while, you
are making an enormous difference. And we are really looking
forward to seeing this month the latest our poverty stats
will be coming out and I am almost certain that
they will be worse than they were last year. So
(22:08):
just the summ up, Jamie. We can leave it to
politicians to beat around the bush and do nothing, or
those of us in that sort of maybe five percent,
you know, who really don't need it at the moment,
why don't we just take this thing into our hands
as the coalition of the willing, look at our marcal
Pont and say we're going to make a difference for
(22:29):
a little while or forever or for whatever. I'm going
to give this much money. This is my super to
share my super and all of that money will share
my super doesn't take any of it. All of it
goes to twelve charities who have proven they're making a
difference to our morcal who are in poverty.
Speaker 2 (22:48):
Saren Taylor, thanks so much for your time today in
the country. Really looking forward to the debate with the
Prince of the Provinces Martua. Shane Jones, thanks for your time,
Thanks Jamie, Thank you.
Speaker 1 (22:59):
En.
Speaker 2 (23:00):
There is twenty seven away from one. Hoping to get
Shane Jones on the show tomorrow. The text machine's running
a bit hot on Serenne. Most of you're getting stuck
into them.
Speaker 3 (23:09):
Serene, what is.
Speaker 2 (23:09):
This toxic lake you speak of? What is the proposed
extraction process gold aside which we actually mind? Says this texture?
Serene is just gaslighting. Sounds very much like a big
fat nimbi to me, says Kevin. And I just that
(23:31):
there's so many coming through. I apologize. I can't get
through them all. Gold is a superconductor and it's the
only true global currency. My backyard is the West Coast,
and I'm a farmer and a gold miner. Mining has
saved our farm once, and it has vastly improved our farm.
And the gold price is not plummeting. That's frankly not true.
It's cruising at eighty one hundred and fifty New Zealand
(23:54):
dollars and ounce, my god, that's my goodness. Should I
say that is great money if you can find it
the gold I'm talking about. Up next, rural news and
sports news. Oh and before I forget, I should have
mentioned this at the top of the hour. It led
the news. New Zealand's unemployment rate rose to five point
four percent in the December quarter, up from five point
(24:16):
three percent in the previous quarter. Now one hundred and
sixty five thousand unemployed in this country, up five thousand
from the September quarter. Economists had forecast the rate to
have peaked and to held steady or to hold steady
at five point three. It didn't happen. It's at five
point four. The unemployment rate was now the highest since
(24:37):
September twenty fifteen, that quarter when it was five point
seven percent. Welcome back to the country. Very shortly the
latest and Rural News with Michelle and will update sport
for you. But first to understand where you're headed, sometimes
(25:01):
you need to look back. This year marks seventy five
years of Beef and Lamb New Zealand's Sheep and Beef Survey,
seventy five years of data, insights and trend spotting that
helps farmers make informed decisions on farm. In a special
edition podcast brought to you by Beef and Lamb New
Zealand and powered by us Here at the Country, Hamish
(25:21):
Mackay has done a great job speaking with Beef and
Lamb New Zealand GM of Insights Julian Ashby. Together they
explore how decades of data have shaped farming decisions and
how today's insights can influence the future of sheep and
beef farming. Whether you're new to farming or a seasoned
professional and an old hand, don't miss seventy five years
(25:43):
strong the Sheep and Beef Farm Survey, available on the
Country podcast on iHeart because sometimes looking back is how
you stay ahead.
Speaker 1 (25:54):
That twist the country's world us with Cold Cadet, New
Zealand's leading right on lawn bower bread. Visit steel Ford
dot co dot nzim for your local stockist.
Speaker 2 (26:07):
Yeah, welcome, Oh, good afternoon, Michelle, and thank you for
that coffee this morning was much appreciated. Rugby was not
founded in Wales, william where ballists picked up the ball
at Rugby school. Wow, that's in England. Once she married
to an englishman, I am.
Speaker 7 (26:21):
And his mother's staying with us at the moment, and
I was reprimanded quite long, right.
Speaker 2 (26:27):
I enjoyed the coffee. What do you got on Rural
News Ryal News?
Speaker 7 (26:30):
As you know, I'm right into my cycling and I
had a really interesting call this morning. Apparently months of
planning in thousands of kilometers of training are being put
to the test. The rescue Warriors are setting off on
their life saving across country mission. The Rescue Warriors are
a group of twelve mid Canterbury blokes, some of them
including some farmers from up in that area, that are
cycling the length of New Zealand to raise money for
(26:50):
the Westpac Rescue helicopter and they launched their mission on
the tenth of February. All the funds raised will go
towards Mission twenty twenty six, the Canterbury West Coast, a
Rescue Trust campaign to transform the rescue helicopter service. A
great course to look out for those guys. I think
some are leaving from Bluff and some are leaving from
Kate Rianger and they're meeting in the middle.
Speaker 1 (27:10):
Sports on the country with AFCO one hundre percent key,
We owned and trusted it.
Speaker 8 (27:16):
That's rare.
Speaker 2 (27:16):
Sports Minister Mark Mitchell has given the Sport Integrity Commission
a jab nice nice writing about completing their investigation into
boxing New Zealand. The organization and coach Billy Mehan are
being investigated over complaints of bullying, favoritism, drunken behavior and
inappropriate comments sounds like the aftermatch of Wagler's Golf on
(27:38):
a Wednesday. The probe began last May, Mitchell said he's
met with the Commission and stressed urgency and the ongoing
All Blacks coaching saga has partially overshadowed the launch of
Super Rugby's thirtieth anniversary season. Hooker Cody Taylor, who played
under Robertson at Canterbury, the Crusaders and the All Blacks,
(27:59):
says he's leaving it to the decision makers to handle
their sport. Up next, what we might do because we
need to. We need to give away our penultimate Michelle,
our second to last five hundred dollars meatpack courtesy of FMG.
We're going to do that next. God, Okay, just getting
(28:30):
ourselves organized here. We're just trying to track down Richard
Allen from Fonterra. He he will talk about the global
dairy trade action overnight, which was a stunner, up six
point seven percent the index holmeut powder of five point three,
skim milk p out of ten point six, but at
(28:50):
eight point eight is ten dollars back on the table.
Probably too early to say that. So that is that
let's give away some meat, shall we?
Speaker 1 (29:01):
Crumming today's five hundred dollars meat about your champion. It's
time to celebrate National lan Day with FMG and the country.
Speaker 2 (29:10):
That's what a great line of that one is. We'll
turn that down a wee bit. Okay, where's my blurb, Michelle,
I've got paper for Africa coming out of my desk today. Firstly, congratulations,
I know I'll do the chocolate well, I'll do the
chocolate well.
Speaker 5 (29:29):
Now.
Speaker 2 (29:29):
The reason we've got to do the chocolate wheel is
there's the chocolate wheel down at my moomoom next week
at the FMG site. I think FMG corporate hugger Rowena
Duncan will be in here tomorrows. She'll probably be spinning
the wheel down there, so you can spin a wheel
and get lots of prises. That's why we're spinning one
for the meat. So here we go, before I get
the sack for forgetting the spinning wheel. Here it is
(29:51):
here and our winner is Alana Urine Urine Urine Urine
sorry from Canterbury. You've won a five hundred dollars meat
voucher or meat vouchers or lamb. I think brilliant. How
good will that be for National Lamb Day. National Lamb
(30:13):
Day is February the fifteenth. It's an iconic celebration. We
tip our hats to our farmers and world class producers. Look,
if you missed out today, time is of the es
since your last chance to enter is for tomorrow. We've
got our fourth and final five hundred dollars meat pack
to give away. You need to go to the country
dot co dot nz register and it could be your
(30:33):
name we call out tomorrow. So there you go, there
is the winner. Up next, we're going to talk chocolate
while we wait on Richard Allen from Fonterra so we can.
Speaker 3 (30:47):
Talk milk speaking.
Speaker 2 (30:56):
Welcome back to the country. We were due to chat
to Rabobank Chief executive Todd Charteris, but he's been pulled
quite literally at the last moment because we're going to
catch up with them this time next week with their
broadcasts from the Parliamentary Lawn for National Lamb Day. So
we're going to pivot from lamb meat to chocolate. Two
(31:18):
of my favorites now joining us out of the Sydney
office of Rabobank is RABO research analyst Paul Jules. And Paul,
you've just written a really interesting paper. It looks like
chocolate in the future might be coco being free. What's
it going to taste.
Speaker 5 (31:33):
Like, yeah, exactly.
Speaker 6 (31:36):
So we're seeing a bit of a change in the
chocolate market at the moment, and we're seeing a few
new technologies emerge. There's really two that are at the forefront.
So obviously you've got your traditional co go, which is
grown via a tree typically in Africa, but the two
being explored now, so there's lab grown co go. So
that's effectively what it says on the ten co goo
(31:58):
grown in a lab, think similar to what we saw
when those talks of meat being grown in a lab
just just a few years ago. And then the other
one is fermentation. It's about effectively transforming plant based inputs
such as oat, sunflower seeds, barley, grape seeds for example,
and try to transform them into a chocolateking ingredient in
(32:20):
terms of taste, in terms of what they actually taste like.
Certainly on the fermentation side, it will definitely be different
to your typical cocoa chocolate bar. It won't taste quite
the same, are's reports. It's a little more bitter. It's
not a like for like substitution, that's for sure.
Speaker 2 (32:36):
Is this going to be a flesh in the pain
you mentioned lab grown mate? Well, that's turned out to
be a bit of a flop.
Speaker 6 (32:43):
Well exactly, and I think probably what sped up this
sort of search for new technologies is the fact that
if you look at the co go market, the traditional
coco market, we saw prices rise about four times historical
averages over the past couple of years, all to do
with production of shoes that took place in Africa. We
had very very low global supply. That sped up the
(33:05):
search for other alternatives. So we've seen more investment. Potentially,
what could happen as prices of coco come down, which
is happening at the moment, Potentially we could see this
fade into the background and it could arguably just just
be a flash in the pan. So this is still
very much early technology, but there's some hopes that we
are seeing a bit of development.
Speaker 2 (33:26):
Climate change is also affecting the production of coco, that's
why or cocoa beans, that's why we've seen the mess
of fluctuation and prices. Are we going to have to
grow it in different parts of the world.
Speaker 6 (33:39):
Well, that's one of the big challenges for coco is
the fact that we can only really grow it when
it's relatively close to the equator. There's only a few
countries where it actually makes sense to grow. So really
you're talking about West Africa, predominantly Ivory Coast in Ghana.
You see about sixty percent of the world's crop come
from that specific region. Also Ecuador, Brazil to some extent,
(34:02):
they're really the main players, and it's actually quite hard
for other countries to really ramp up production just because
of where they sit in the world. So it's quite
a challenged crop. And we've definitely seen more volatility in
terms of weather over the past few years. That's had
a stronger influence on production and I think that probably
will continue, so we could continue to see volatility within
(34:24):
that cocoa market.
Speaker 2 (34:25):
Paul Jewels, RABA research analyst, out of a very hot
Sydney today. Thanks for your time on the country.
Speaker 6 (34:31):
Thanks having me.
Speaker 2 (34:33):
Thank you, Paul. It just ate away from one lots
of texts coming in about Saren Taylor and the gold mine.
Here's another one. Nimbiaism is rife amongst the famous and
elite in New Zealand. A reference to the three serves
I suspect has Saren taken into consideration the sheer value
volume should I sign of rare earth minerals required to
(34:53):
drive his business. Where visualization and data in sports is concerned,
something I might add that isn't critical to the human race.
That's a fair text text. Up next, we're finally going
to get to the bottom of what happened to the
Global Dairy Trade auction results.
Speaker 5 (35:13):
Durned days these days glory your story, naming the fossils
and star.
Speaker 2 (35:23):
STI okay, wrapping the country with the Global Dairy Trade
Auction results. There was a lot of mystery around these
this morning I reported some I think I misspoke or
miswrote on this when I wasn't a mile away. My
sources weren't quite on the money, but we knew it
was going to be good. So let's put the numbers
out there. Are the index up six point seven percent,
(35:44):
Holmk powder five point three, skim milk ten point six,
butter eight point eight. Richard Allen Iss, Fonterra's president of
Global Ingredients. What a great result, Richard ten Bucks back
on the table.
Speaker 8 (35:56):
Yeah, wonderful results. I think you know, we're just seeing
continue of good, strong theory demand out there in the world,
and yeah, great result for our farmers back here in
New Zealand.
Speaker 2 (36:05):
Where was the demand coming from.
Speaker 8 (36:08):
We saw good participation across the regions. I think, probably pleasingly,
we saw really good participation from from China. China it
seems to be back in the market. And yeah, it
was a good result overnight, but good participation across Southeast
Asia and Middle East as well.
Speaker 2 (36:23):
What happened to the glut of milk, you know, the
tidal wave of milk that was on the on the
world stage.
Speaker 3 (36:30):
Where did it go?
Speaker 8 (36:32):
Well, there's still a lot of milk around. You know,
we've seen continue to see good milk here in New
Zealand up two and a half percent I think twelve
months of December, and the US and the U both up,
you know, noting that they did have some production challenges
over the last twelve months with with with various sort
of animal diseases. I think what we're seeing is, you know,
dairy does have a bit of a tendency to overreact
and I think, you know, coming out of high prices,
(36:55):
a lot of buyers around the world were probably running
inventory pretty low. We got prices to a point where
it was pretty enticing, and I think what we're seeing
now is maybe a bit of a correction back to
normal infantry levels.
Speaker 2 (37:04):
With all the rain around, especially in the North Island,
we're going to have a bit of a bumper productions
season surely.
Speaker 5 (37:11):
Yeah.
Speaker 8 (37:11):
It's been a bit of time in the New Zealand
countryside over the Christmas break and it's pretty green, you know,
as up as high as Kaitaire and she's still pretty
green up there. So yes, you know, all things that
we see will point to another good season for New
Zello farmers and we're planning for that.
Speaker 2 (37:26):
I started the conversation by throwing it out there flying
a kite. She didn't buy bite ten dollars back on
the table too early, too early.
Speaker 5 (37:35):
Yeah, as to normal.
Speaker 8 (37:36):
We'll go away. Run the numbers, you know, there's been
a lot of factors go into it. You know, FX
has made the move as well, so we'll run the
numbers and how farmers will be the first finals. There's
any changes there?
Speaker 3 (37:45):
Good on.
Speaker 2 (37:45):
You're Richard Allen from Fonterra. What a great result. Global
Dairy Trade index up six point seven percent. Right, that's
us done and dusted for today. We'll be back tomorrow.
I've got a call in to the Princes of the
once is Martua Shane and see how he responds to
Saren Taylor's commentary on the show today. Thank you to
(38:06):
everyone who commented on that. See you tomorrow.
Speaker 1 (38:12):
Catch all the latest from the land It's the Country
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