NZ Beef Exports Decline23 October 2012
NEW ZEALAND - New Zealand (NZ) beef exports for the 2011-12 export season (October 2011 to September 2012) declined on the corresponding period in 2010-11, dropping four per cent, or 13,545 tonnes swt, to 335,180 tonnes swt according to Beef + Lamb NZ.
Meat and Livestock Austrlaia said that the decline was largely due to lower export slaughter numbers, with a reduced dairy cull cow slaughter and additional older cows retained due to favourable seasonal conditions.
Consequently, the total value of NZ beef exports for the 2011-12 export season fell four per cent year-on-year, to $2.46 billion FOB. While this was largely underpinned by the decline in export volumes, returns were further limited by decreased farm-gate prices and the volatile New Zealand Dollar.
While exports to most major markets declined in 2011-12, shipments to the US, the largest export destination for NZ beef, increased four per cent year-on-year, to 157,632 tonnes swt. As a result, the US market share of NZ beef exports increased four per cent year-on-year, to 47 per cent, with the majority of product manufacturing beef sourced from NZ’s expanding dairy herd.
Shipments to most other major markets fell significantly for the export year, including South East Asia (back 13 per cent, to 35,307 tonnes swt), Korea (back 23 per cent, to 26,444 tonnes swt) and Canada (back 16 per cent, to 20,041 tonnes swt). Exports to Taiwan remained relatively steady over the same period, at 20,130 tonnes swt.
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