Red meat industry hails new migrant visa rules as win for jobs and exports
New Zealand's red meat processing and exporting sector has welcomed the government's announcement of new work visas.
New Zealand exported $11.4 billion worth of red meat during 2022, but high global prices eased towards the end of the year, according to analysis from the Meat Industry Association (MIA).
December saw a 9% drop in the value of exports, to $966 million, compared to the same period in 2021.
Sheepmeat exports were down 19% during the month to $338 million, beef exports fell by 15% to $428 million and fifth quarter products by 9% to $200 million.
The largest drop was in the Chinese market, with December 2022 exports down by 21% to $357.6 million. The UK also dropped by 53% to $25.8 million year-on-year.
MIA chief executive Sirma Karapeeva says the red meat sector’s global markets softened with high inflation eroding consumers’ purchasing power.
“Some consumers in our key markets are trading down to cheaper proteins and dining out less in restaurants,” Karapeeva says.
“For beef, we are seeing record imports of beef into China from Brazil. The relaxation of China’s Covid-19 policy has also created some uncertainty in the market.”
Overall, exports for 2022 increased by 13% compared to 2021.
China remained the major market, with a total of $4.3 billion, an increase of 5% on 2021.
Exports to the United States were up by 7% to $2.3 billion, Japan increased by 20% to $561 million and the United Kingdom by 11% to $464 million.
Sheepmeat export volumes fell by 5% to 375,716 tonnes for the year but the value increased by 6% to $4.3 billion. The average free on board (FoB) value of sheepmeat exports in 2022 was $11.56/kg, up from $8.02/kg in 2021.
China was the largest market for beef during the year, with the volume up 4% to 219,340 tonnes and the value up 34% to $2.1 billion.
There was a decrease in exports to the other major beef market, the United States, with the volume dropping 22% to 126,177 tonnes and the value by 5% to $1.3 billion.
Fifth quarter products exports were worth $2.2 billion, up 13% from 2021. The greatest demand was for casings and tripe, up 29% to $440 million, edible offals, increasing three % to $357 million and hides and skins, growing 23% to $305 million.
Open Country Dairy has finalised a deal to acquire 100% of Miraka.
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).