New Zealand

Food & Beverages

08-08-2022

New Zealand red meat exports worth $1.1 billion in June

New Zealand

New Zealand exported red meat worth $1.1 billion in June despite the ongoing global supply chain issues affecting sheepmeat and beef volumes, according to an analysis by the Meat Industry Association (MIA). The 15 per cent increase in value compared to June 2021 was largely driven by beef exports, particularly to China. Although the total volume of beef exports was down seven per cent, the overall value was up 23 per cent to $504 million. The value of beef exports to China was up 39 per cent to $217m.

 

The overall volume of sheepmeat exported was largely unchanged compared to last June, at 32,470 tonnes, with value up 15 per cent to $398m. Volumes of chilled sheepmeat exports, however, continued to drop, down 31 per cent to 2253 tonnes. Sheepmeat exports to China saw a drop in both volume (21 per cent) and value (31 per cent) compared to the same period last year, but this was offset by increases in exports to other major sheepmeat markets. That included the UK with volume up 14 per cent and value up 28 per cent to $40m, and the United States, where the volume increased by 12 per cent and the value by 63 per cent to $58m.