Australia, the US, the UK and Korea were the bright lights for New Zealand’s red meat exports in July, according to an analysis by the Meat Industry Association (MIA).
Overall exports to Australia leapt by 58 per cent compared to the same period last year with New Zealand benefiting from a strong domestic market across the Tasman as the country re-builds its beef herd and experiences reduced livestock processing volumes.
Meanwhile, the overall value of exports to the United States rose by 56 per cent alongside a 39 per cent increase to Korea and a 35 per cent jump to the UK.
The increases offset a reduction in the overall value of exports to China and Japan, which dropped by 22 per cent and 11 per cent respectively. China remained the largest market, accounting for 31 per cent of exports during July, with a value of $209.7 million.
Total red meat and co-product exports were worth $672 million in July, up five per cent from July 2019. Sheepmeat exports were up nine per cent to $244 million, and beef exports up three per cent to $310 million. The value of co-products exports remained similar to that of July last year, at $118 million.
Sirma Karapeeva, chief executive of the Meat Industry Association, said the trade figures demonstrated the dynamic nature of the global meat market and the value of the New Zealand red meat sector’s diverse market and product portfolio, which enables it to divert lamb, beef, mutton and co-products to different markets, as needed.
“These results are positive in a challenging global market and highlight the continuing strong international demand for New Zealand red meat.Read full article Share on twitter