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This year’s data detailing the amount of oil and gas expected to be available in existing petroleum fields shows a 17% decrease in Proven plus Probable reserves, with the most significant 2P decreases in the Mangahewa & Maui fields which saw falls of 48% & 34% respectively. More

Statistics: Food Prices Increase 12.5% Annually
Annual food prices were 12.5% higher in June 2023 than last year, with grocery food prices increasing 12.8%, fruit & vegetables 22%, and restaurant meals & ready-to-eat 9.2% More

Imperial Brands: Black Market’s Share Of Smoked Tobacco Grows To 12.1%
The black market’s share of smoked tobacco in NZ has increased to 12.1% of all tobacco smoked (an increase from 11.5% in 2019), despite total consumption of smoked tobacco declining 31% over the same period. Total consumption of illicit tobacco declined slightly less at 27.3%. More
Auckland Airport to celebrating Matariki on 14 July, with dedicated PA announcements throughout the international and domestic terminals, greeting and farewelling an expected 52,000 travellers in te reo Māori & explaining the significance of Matariki. More

Government: EU FTA To Increase NZ Exports By $1.8B A Year
Duties removed on 91% of exports to the EU, rising to 97% after seven years. Tariff savings of $100M per year, including removal of tariffs on kiwifruit, Mānuka honey, seafood, wine, & industrial products, plus significant new quota access for beef, lamb, butter, & cheese worth hundreds of millions of dollars per year. More

Socialist Equality Group: NZ Post To Sack 750 Workers
The planned redundancies in Auckland & Christchurch will slash the workforce of 4,500 by 17% over five years, impacting mail deliverers, processing and support staff, and leadership roles. More