Friday, 03 September 2021 13:55

Red meat and co-products exports reach $870 million

Written by  Staff Reporters
New Zealand exported red meat and co-products reached $870 million in July. New Zealand exported red meat and co-products reached $870 million in July.

New Zealand exported red meat and co-products worth $870 million during July 2021 – marking a 29% increase year-on-year, according to analysis from the Meat Industry Association (MIA).

More than 25,300 tonnes of sheepmeat and almost 50,000 tonnes of beef were exported with increases in the value of exports to all major North American and Asian markets.

This included a 1,425% increase in beef exports to Thailand compared to July 2020. Thailand was New Zealand’s tenth largest market for beef by volume during the month, at 347 tonnes.

MIA chief executive Sirma Karapeeva says the main reason for the growth in exports to Thailand was the removal of beef safeguards that were put in place when the NZ-Thailand Closer Economic Partnership (CEP) was negotiated 15 years ago.

“That came off at the end of last year and beef exports are now tariff-free. So, instead of a rush of beef exports to Thailand at the start of each year to try and take advantage of the small tariff-free safeguard volume, we are now seeing companies put regular export programmes in place. Beef exports to Thailand have been growing steadily throughout the year,” Karapeeva says.

“High quality Free Trade Agreements (FTAs) are critical to market diversification. This really demonstrates the importance of FTAs to facilitate open markets that help companies to invest in markets and develop strong commercial relationships.”

China remained the largest market, with total exports worth $330.2m, a 57 per cent increase on the same period last year.

The US was the second highest with $241.2m, a 32 per cent increase, followed by Japan, up 62 per cent at $42.6m, and Taiwan with $26.8m, representing an 18 per cent increase.

July also saw a continuing trend in recent months of strong sheep meat exports into the United States, which increased 109 per cent year-on-year to $42m, and beef exports into China, up 95 per cent to $156m. Beef exports to most major beef markets also increased.

While exports to main European destinations were down compared to July 2020, this was more than compensated for by the increased demand from other markets. The UK dropped 25 per cent to $19m, Germany by 28 per cent to $17m and the Netherlands by 11 per cent to $17m.

More like this

Red meat's China push

The red meat sector is launching a new campaign to lure Chinese consumers to New Zealand grass-fed beef and lamb.

Featured

New ag degrees at Massey

Changing skill demands and new job opportunities in the primary sector have prompted Massey University to create a new degree course and add a significant major into another in 2025.

The show is on!

It was bringing in a new Canterbury A&P Association (CAPA) show board, more in tune with the CAPA general committee, that has ensured that Christchurch will have a show this year, says CAPA general committee president Bryce Murray.

Forestry cuts into stock numbers

There is an urgent need for the Government to put a limit on the sale of farms for forestry - particularly for carbon farming.

National

Food charity to hold online auction

Meat the Need, New Zealand’s dedicated charity delivering locally sourced protein meals to food-insecure communities, is launching an online National…

Machinery & Products

Landpower increases its offering

Landpower and the Claas Harvest Centre network will launch the Claas Scorpion and Torion material handling solutions to the market…

New F5 balers from McHale

Irish grassland machinery manufacturer McHale has unveiled the new four-model range of F5 fixed chamber balers.

» Latest Print Issues Online

The Hound

Leaky waka

OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in…

Know-it-alls

OPINION: A reader recently had a shot at the various armchair critics that she judged to be more than a…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter