New Zealand Beef Exports Ease in 2011-12
NEW ZEALAND - New Zealand (NZ) beef exports continued to decline in 2011-12, falling three per cent year-on-year, to 331,820 tonnes swt, driven largely by lower production and decreased overseas demand (Beef + Lamb NZ), writes Meat and Livestock Australia.
20 July 2012
1 minute read
The high NZ$ impacted demand from most major markets, while increased competition from Australian beef also hindered export volumes.
The US remained the largest NZ export destination for the fiscal year, creeping up five per cent on the previous year, to 155,669 tonnes swt, as drought conditions spread widely through key production regions. As a result, market share increased four per cent on 2010-11, to reach 47 per cent of total NZ beef exports.
Shipments to South East Asia, the second largest export destination for NZ beef fell two per cent year-on-year, to 38,901 tonnes swt, as the region struggled to compete with the volatile NZ currency.
Similarly, exports to Japan (29,992 tonnes swt) and Korea (27,138 tonnes swt) also slipped in 2011-12, falling four per cent and 18 per cent, respectively, year-on-year, to register market shares of nine per cent and eight per cent, respectively.
TheCattleSite News Desk
