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
USD 0.7065 0.0050 0.71%
AUD 0.9474 0.0065 0.69%
EUR 0.6306 0.0047 0.75%
GBP 0.5496 0.0068 1.25%
HKD 5.5056 0.0410 0.75%
JPY 78.3600 -0.0280 -0.04%

Commods

Commodity Price Change Time
Gold Index 1256.4 -2.470 2017-05-25T00:
Oil Brent 51.8 -2.520 2017-05-25T00:
Oil Nymex 48.9 -2.480 2017-05-25T00:
Silver Index 17.2 0.070 2017-05-25T00:

Indices

Symbol Open High Last %
NZX 50 7434.5 7441.6 7434.5 0.10%
NASDAQ 6183.0 6217.3 6163.0 0.69%
DAX 12604.4 12611.5 12621.7 -0.50%
DJI 21063.0 21112.3 21012.4 0.34%
FTSE 7517.7 7535.1 7517.7 -0.02%
HKSE 25671.0 25724.4 25630.8 0.03%
NI225 19798.5 19801.6 19813.1 -0.64%
ASX 5789.6 5789.6 5789.6 -0.65%