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Strong Demand for NZ Beef in US

20 August 2014
Meat & Livestock Australia

NEW ZEALAND - New Zealand beef exports reached 29,044 tonnes in July, an increase of four per cent on the corresponding month last year and up one per cent on the five-year average according to figures from Beef + Lamb New Zealand.

Analysts at Meat and Livestock Australia said that this rise was largely supported by an 18 per cent year-on-year surge in shipments to the US, at 13,769 tonnes, as US demand continues to outstrip supply.

NZX Agrifax suggest that, despite very high prices and demand for beef in the US, NZ exporters and producers are unable to fully capitalise on the situation as NZ beef supplies are seasonally low at this time of year.

Volumes to China eased six per cent on year-ago levels, at 3,518 tonnes, and similarly to Japan, shipments declined 11 per cent to 2,257 tonnes during July.

There was a 13 per cent fall in exports to South East Asia, compared to the same time last year, with the region taking a total of 1,795 tonnes for the month, while volumes to Korea (1,676 tonnes) and Taiwan (1,590 tonnes) fell by 13 per cent and six per cent, respectively.

TheMeatSite News Desk

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