New data shows red meat prices are likely to remain strong, but there's a growing risk of market volatility.

Beef + Lamb New Zealand has warned the margins are likely to tighten, and they've cited rising input costs and the risk of dry El Niño conditions creating additional pressure.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

New data shows red meat prices are likely to remain strong, but there's a growing risk of market volatility.
Beef + Lamb New Zealand has warned the margins are likely to tighten, and they've cited rising input costs and the risk of dry El Niño conditions creating additional pressure.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jamie Mackay: The Country host on the market volatility potentially impacting red meat sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e990e12b-3d79-4d20-a9cc-b4c1007faadc/transcript

An artificial intelligence researcher who worked with Anthropic recently quit the industry, and accused the AI giants of 'gambling with our lives' to grow the technology.

Jacob Coxon spent the past three years pre-training AI models, beginning at OpenAI and moving to Anthropic, but has since claimed neither of the big companies are 'acting responsibly'.

Fisher Funds expert Sam Dickie says this is the latest in the case of AI experts 'sounding the alarm' over the risks of the technology.

LISTEN ABOVE

An artificial intelligence researcher who worked with Anthropic recently quit the industry, and accused the AI giants of 'gambling with our lives' to grow the technology.
Jacob Coxon spent the past three years pre-training AI models, beginning at OpenAI and moving to Anthropic, but has since claimed neither of the big companies are 'acting responsibly'.
Fisher Funds expert Sam Dickie says this is the latest in the case of AI experts 'sounding the alarm' over the risks of the technology.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the AI researcher quitting Anthropic and warning of the tech's risks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6f38cb72-95ec-4dbc-b24a-b4c10082756c/transcript

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.

The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.

First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.

"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product." 

LISTEN ABOVE

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.
The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.
First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.
"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product."&nbsp;
LISTEN ABOVE

Chris Wilkinson: First Retail Group managing director on New Zealand’s largest Kmart opening today

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f7807029-e16b-4a7b-8399-b4c1007781ae/transcript

Apple revealed its first foldable iPhone today, alongside the new iPhone 18 Pro and Pro Max and some other new products.

The new 'Duo' product will be available by the end of next month - but Kiwis will have to pay at least $4199 for one on the low end.

BusinessDesk tech columnist Peter Griffin says we're all holding onto our phones for longer, and there's no need for most people to rush into upgrades. 

"You're talking about the wealthiest consumer tech company in the world, it's taken years to develop this - so you'd expect that the product is excellent, and we'd sort of expect that it would be expensive." 

LISTEN ABOVE

Apple revealed its first foldable iPhone today, alongside the new iPhone 18 Pro and Pro Max and some other new products.
The new 'Duo' product will be available by the end of next month - but Kiwis will have to pay at least $4199 for one on the low end.
BusinessDesk tech columnist Peter Griffin says we're all holding onto our phones for longer, and there's no need for most people to rush into upgrades.&nbsp;
"You're talking about the wealthiest consumer tech company in the world, it's taken years to develop this - so you'd expect that the product is excellent, and we'd sort of expect that it would be expensive."&nbsp;
LISTEN ABOVE

Peter Griffin: BusinessDesk tech columnist on Apple unveiling its first foldable iPhone

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3d558aa1-9ac0-40de-921d-b4c1007434f4/transcript

Jamie Mackay: The Country host on the market volatility potentially impacting red meat sector

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