New Zealand red meat exports hit a record in April but ongoing volatility in China signifies headwinds within the coming months, the Meat Industry Association (MIA) says.
New Zealand exported merchandise price $999.6 million through the month of April, up 16 per cent on April 2021, with the worth of general exports rising to most main markets.
While red meat exports continued to achieve good returns, there was some fluctuation in demand, significantly in China and the US, chief government of MIA, Sirma Karapeeva mentioned.
The worth of general exports to China was down six per cent yr on yr, Karapeeva mentioned.
“There was also a small drop in the volume of both sheepmeat and beef exported. The reduction in sheepmeat was largely due to China, with beef exports to the US also dipping.”
While nonetheless under pre-Covid ranges, volumes of general sheepmeat exports to the EU and UK have been up in comparison with the final two years, she mentioned.
Despite the drop in volumes, with sheepmeat down by six per cent and beef by 4 per cent, the general worth of exports elevated in comparison with April 2021 with sheepmeat (35,553 tonnes) up eight per cent to $408m and beef (41,350 tonnes) up 25 per cent to $414m.
The worth of general sheepmeat exports to the UK ($52.3m) was the best that it has been in April for various years.
Karapeeva mentioned this is able to have been larger if chilled exports have been at their regular ranges as delivery challenges continued to affect the UK market.
Meanwhile, April continued the pattern of sturdy beef exports into the opposite north Asian markets, specifically Korea.
New Zealand exported a record $131 million price of beef into Korea through the first 4 months of the yr – in comparison with $132 million price exported there throughout the entire of 2021.
It was additionally one other sturdy month for co-products, with the worth of all classes rising and the general worth up 14 per cent to $178m.
New Zealand red meat exports achieve record April but markets prove volatile & More Latest News Update
New Zealand red meat exports achieve record April but markets prove volatile & More Live News
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New Zealand red meat exports achieve record April but markets prove volatile & More News Today
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