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Julianna Walker Willis Technology

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Fruit fight


By GARRY SHEERAN - Sunday Star Times
Last updated 09:19 06/07/2009

Starting with with a tiny pipfruit orchard and a mere handful of shares in Enza nearly a decade ago, Tony Gibbs scrapped and clawed, fought and ultimately bought his way to partial, then full control of the Apple & Pear Board's marketing arm - and the nation's apple exporting monopoly.

The monopoly was an unusual prize for a self-confessed free marketeer, but one Gibbs valued highly. If the government scrapped the monopoly, he warned then, it "does so at the peril of sending growers to the wall".

Now Gibbs, Guinness Peat Group's big hitter, is on the warpath again. In his sights this time is Zespri, controller of the kiwifruit export industry worth around $1.4 billion.

Once again he's bought an orchard - this time kiwifruit - which produces less than 1% of the nation's crop, and with shares in Zespri to match. And he's got plenty to say on monopolies, though this time with a different slant.

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NZ ranks 11th in trade index


By ADRIAN CHANG - BusinessDay
Last updated 15:46 08/07/2009

New Zealand is amongst the most trade-friendly nations in the world, according to a report from the World Economic Forum.

The Global Enabling Trade Report 2009 ranks countries on services, policies and institutions that help foster open trade.

New Zealand came in at 11 overall out of 121 countries, behind Singapore, Hong Kong and eight Scandanavian and European countries.

New Zealand was rated particularly highly for its border administration, and was given top place in the report's corruption perception index.

The country ranked at number 5 overall in the border administration sub-category.

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Russians complete Canterbury factory buyout


Last updated 14:59 07/07/2009

Russian food company Nutritek Group has taken over 100 percent of New Zealand Dairies Ltd to control its South Canterbury milkpowder factory.

New Zealand Dairies Ltd opened the plant at Studholme, in South Canterbury, in October 2007, using about $100 million of commercial and convertible loans from Nutritek.

The Russian company was taken to the High Court at Auckland in May after it failed to meet agreed deadlines to buy out three minority shareholders, including Aad van Leeuwen, South Canterbury's biggest dairy farmer.

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