NZ Natural expands globally despite volatile NZ dollar

Ice cream company New Zealand Natural continues to expand into new export markets despite the volatile NZ dollar.

The natural ice cream maker, which manufactures all of its products in New Zealand, entered its 23rd country by opening its first outlet in Abu Dhabi.

Diane Foreman’s empire last week also bagged the Export Award at the Westpac New Zealand Franchise Awards.

Ms Foreman said being 100% manufactured in New Zealand means the company is “very volatile” to aspects of international trade and the judges had commented on its effective systems and handling of ingredient prices, currency fluctuations and transportation costs.

“They were particularly complimentary about New Zealand Natural’s strong focus on core operational disciplines, commenting that it was an impressive overall submission.”

The former New Zealand Entrepreneur of the Year said research and development is central to the business, which runs its own laboratory.

Last month the company won the French SIAL D'Or Award for its rice sushi inspired ice cream ‘Sooshi’.

 

 

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NZ Market Snapshot

Forex

Sym Price Change
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AUD 0.9202 -0.0027 -0.29%
EUR 0.6326 0.0028 0.44%
GBP 0.5005 0.0017 0.34%
HKD 6.1153 0.0097 0.16%
JPY 92.6800 0.0330 0.04%

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Gold Index 1196.6 -0.500 2014-11-26T00:
Oil Brent 79.4 -0.640 2014-11-26T00:
Oil Nymex 73.7 -0.400 2014-11-26T00:
Silver Index 16.6 0.000 2014-11-26T00:

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NZX 50 5457.4 5462.1 5457.4 -0.04%
NASDAQ 4760.2 4788.0 4758.3 0.61%
DAX 9934.8 9992.7 9915.6 0.58%
DJI 17812.2 17833.8 17814.9 0.07%
FTSE 6729.2 6749.9 6729.2 -0.06%
HKSE 24169.8 24228.1 24112.0 -0.45%
NI225 17310.5 17346.8 17383.6 -0.78%