increase font size
Meat Industry Association chief executive Sirma Karapeeva.
The value of New Zealand red meat exports dropped 18% in October compared to the previous year.
The market analysis, by the Meat Industry Association, also showed that sheepmeat exports fell by 25%. A 14% fall in the value of beef exports was also reported.
Exports and co-products into the United Kingdom dropped 16%.
Meanwhile, exports to the United States saw a 15% increase.
Sirma Karapeeva, chief executive of the Meat Industry Association, said the fall was mainly in China and reflected the high prices New Zealand red meat commanded last year.
She explained that in October 2019, record amounts of meat were sent to China after African Swine Fever decimated the Chinese pig herd
“While the value of exports this October was down compared to last year, it was still higher than all other October monthly exports in recent years,” she said.
She said the data demonstrated the volatility of global markets and showed the importance of a market diversification strategy.
“COVID-19 continues to severely disrupt our markets and key channels such as the food service sector and we expect this to continue through to 2021,” Karapeeva said.
“The situation is also compounded by congestion issues at ports and the appreciation of the New Zealand dollar.”
The Meat Industry Association of New Zealand (MIA) has launched the first in-market activation of the refreshed Taste Pure Nature country-of-origin brand with an exclusive pop-up restaurant experience in Shanghai.
New Zealand red meat exports experienced a 29% increase year-on-year in September, according to the Meat Industry Association (MIA).
Applications have now opened for the 2026 Meat Industry Association scholarships.
Wouldn't it be great if the meat industry could get its hands on the $1.5 billion dollars it's missing out on because of non-tariff trade barriers (NTBs)?
Rising energy prices are putting financial pressure on the meat processing industry, according to the chair of Meat Industry Association, Nathan Guy.
OPINION: As negotiations advance on the India-New Zealand FTA, it’s important to remember the joint commitment made by Indian Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon at the beginning of this process in March: for a balanced, ambitious, comprehensive, and mutually beneficial agreement.
Minister for Universities, Shane Reti, has opened the final new build in a ten plus year project to upgrade the veterinary facilities at Massey University.
As New Zealand experiences more frequent and severe flooding events, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging consumers to be honest and accurate when making insurance claims for flood damage.
A recently held arable field day in the Manawatu brought with it a timely reminder to be on the lookout for velvetleaf incursions.
In a significant shift for employers, wage theft is no longer only a civil matter but now also a criminal one.
In partnership with Growing Future Farmers (GFF), Fonterra says it is increasing support for young people entering the dairy industry with a new two-year programme.
