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Wattie’s cuts NZ tomato, corn, beetroot, and peach purchases due to weak demand, high costs, and cheap Chinese imports, amid a trade probe into alleged dumping.
Wattie’s New Zealand is cutting purchases of Hawke’s Bay-grown tomatoes, corn, beetroot, and peaches due to weak demand for canned goods, rising costs, and cheaper Chinese imports.
The Kraft-Heinz-owned company cited ongoing recovery challenges after Cyclone Gabrielle and said it’s supporting affected growers.
A trade investigation by New Zealand’s MBIE into alleged Chinese peach dumping is underway, with preliminary findings due Nov. 7 and a final decision by Jan. 31.
Chinese peach imports have surged from 300,000 kg to nearly 831,000 kg per quarter since 2018.
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Wattie's recorta las compras de tomate, maíz, remolacha y melocotón de Nueva Zelanda debido a la débil demanda, los altos costos y las importaciones chinas baratas, en medio de una investigación comercial sobre un supuesto dumping.