Sheepmeat ‘standout performer’, exports show

The annual value of New Zealand’s red meat sector exports was up 27% in October this year compared with the previous corresponding period, the Meat Industry Association says.

Association chief executive Sirma Karapeeva said sheepmeat had been a "standout performer", its value having increased by 25% to $309million.

The major sheepmeat markets by value were China, up 25% to $131million; the United States, up 54% to $46million; and the Netherlands, up 94% to $29million.

A mixture of supply constraints and good demand in key markets had contributed to the high sheepmeat prices, Ms Karapeeva said.

Those factors included Australia rebuilding its sheep flock and Brexit-related issues.

United Kingdom sheepmeat exports to the European Union had been affected by Brexit.

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