NZ Beef Exports Strong in March15 April 2013
NEW ZEALAND - Total New Zealand beef and veal exports during March reached 50,376 tonnes swt, up 43 per cent year-on-year, and 34 per cent on the five-year average according to figures from Beef + Lamb NZ.
The US remained the largest market for NZ beef, receiving more than half, 27,272 tonnes swt, of NZ’s total shipments, and up 58 per cent year-on-year, Meat and Livestock analysts said.
While NZ continues to suffer one of the longest droughts in recorded history, the drought induced slaughter has placed NZ with a significant price advantage over Australia in the US.
Similar to Australia, the demand for NZ beef in China continues to boom, with NZ shipping the greatest volume on record during March, at 6,539 tonnes swt, comprising mostly of frozen bone-in and boneless cuts.
As a result of the drought driven surplus in beef production, the substantial increases to China are encouraging for NZ exporters as alternate outlets to offset additional product according to NZX Agrifax.
The EU remains a key market for mainly frozen boneless cuts, where 1,614 tonnes swt were exported in March, up 14 per cent year-on-year.
Japan and Korea also continue to be steady markets, with Japan receiving 2,923 tonnes swt and Korea 2,773 tonnes swt, each up two per cent year-on-year.
TheMeatSite News Desk