New Zealand Red Meat Exports Top $3 Billion In First Quarter Of 2022 But Pressure On Sector Remains & More News Here

New Zealand’s pink meat exports exceeded $3 billion
in the course of the first quarter of 2022, regardless of a drop in volumes
because of persevering with world provide chain and pandemic
challenges.

Total exports for the quarter totalled
$3.1 billion, a 17 per cent improve on the identical interval in
2021. Exports to most markets elevated, other than China,
which dropped one per cent to $1.2 billion.

Red meat
exports throughout March had been value $1.15 billion, representing
an 11 per cent improve on March 2021. The worth of exports
to China dropped 17 per cent to $384m throughout March, however
practically all different main markets noticed a rise.

Sirma
Karapeeva, chief govt of the Meat Industry Association,
stated world demand and costs remained sturdy, however the
sector was seeing the influence of provide chain disruptions and
vital processing constraints in New
Zealand.

“The improve in exports to markets different
than China, together with good volumes to Malaysia and Saudi
Arabia, demonstrates how agile New Zealand exporters are.
Our firms have sound methods in place to handle
completely different markets relying on the worldwide
situations.

“The slow-down in meat exports to China
was not New Zealand-specific, as Chinese import knowledge reveals
that there was a drop within the quantity of all meat imports into
China in March, most likely reflecting the influence of the
numerous lock-downs and port disruptions.”

Sheepmeat
to China was down by 46 per cent and beef by seven per cent.
However, beef exports to China nonetheless represented the third
highest March quantity.

The persistent labour shortages in
New Zealand proceed to be an issue with cattle processing
down 11 per cent in the course of the first quarter and sheep
processing by 16 per cent in comparison with 2021, nevertheless
processing capability has since improved, she
stated.

Processors are additionally having to make sure they align
livestock volumes at vegetation with their potential to ship
merchandise to markets within the face of the widespread ports
congestion, container availability points and vessel
delays.

These challenges have contributed to a drop in
quantity of each sheepmeat and beef exports in comparison with final
March, with sheepmeat dropping 25 per cent to 41,541 tonnes
and beef by eight per cent to 46,176 tonnes.

During
March, general exports to the US rose 48 per cent to $288m
and the sector noticed a report month-to-month quantity of sheepmeat
exports to the US (4,295 tonnes value $83.4m). This
highlights the rising alternative for sheepmeat in that
market.

Overall exports to the UK rose by 22 per cent
by worth ($65m) and by 18 per cent to Japan ($50m). However,
chilled sheepmeat exports to the UK fell by 80 per cent,
12 months on 12 months to 433 tonnes, reflecting the continued logistics
points with transporting chilled product.

The worth of
general sheepmeat exports however was largely unchanged
at $500m for March and the worth of beef exports was up 27
per cent to
$470m.

© Scoop Media

 

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