Volumes were lower y-o-y, New Zealand’s red meat exports for February were up in terms of value. Red meat exports for last month totaled NZ$ 1.1 billion ($762 million), with increases in value in all major markets.
According to data released by the Meat Industry Association (MIA), volumes exported were down 11% in sheepmeat and 7% in beef but the value in the international market has helped the industry hedge the losses in shipments abroad. However, the industry must expect challenging times ahead, as the labour force is scarce in the region and disruptions in the supply chain have become more frequent.
New Zealand’s red meat exports volume down, value up. (essfeed.com)