New Zealand Lamb Export Volumes Fall while Values Rise24 April 2014
NEW ZEALAND - Greater volume to South Asia and the Middle East kept beef and veal exports steady as trading dropped elsewhere, market analyst have revealed.
Total exports of beef and veal were almost unchanged compared with the same period in 2013-13 – down only 0.4 per cent – at 189,600 tonnes shipped weight, according to analysts at Beef and Lamb New Zealand.
There was a decline in exports to North America, North Asia and the European Union, partly offset by an increase in exports to South Asia and the Middle East.
Exports to Indonesia increased fourfold in the first six months of the season and accounted for 4.7 per cent of New Zealand beef and veal exports.
The total value of beef and veal exports slightly increased to NZ$1.1 billion FOB. Receipts for beef and veal averaged NZ$5,880 FOB per tonne in the first half of 2013-14, up 0.7 per cent on the same period last season.
The average value received from North Asia was NZ$6,210 FOB per tonne, compared with NZ$5,240 FOB per tonne from North America. This reflects the product mix exported to the different regions.
Exports to North America contain a higher proportion of ingredient beef that will be further processed before being consumed, while shipments to North Asia include a higher proportion of cuts that are case ready.
TheCattleSite News Desk