fbpx
Print this page
Monday, 18 March 2024 15:21

Meat Board oversees $2.6b in exports to quota markets

Written by  Sudesh Kissun
The quotas mean NZ exporters save tariffs worth $934 million every year. The quotas mean NZ exporters save tariffs worth $934 million every year.

The New Zealand Meat Board (NZMB) oversees $2.6 billion of red meat exports to the quota markets of the European Union, United Kingdom and United States.

The quotas mean NZ exporters save tariffs worth $934 million every year - comprising $609 million for EU and UK sheepmeat and goatmeat, $6.8 million for EU high quality beef and $317 million for US beef and veal.

NZMB chair Kate Acland made the comments at the board’s virtual annual meeting held last week.

Acland told attendees that NZMB’s administrative role has expanded significantly since the board’s establishment more than a century ago.

“The NZMB has been working in the background for more than a century, ensuring seamless market access for our goods, and it’s also been funding industry good projects for many years.

“Prior to the UK’s exit from the EU, the NZMB administered three World Trade Organization (WTO) quotas.

“Two quotas were added following Brexit and a further two as a result of the NZ-UK Free Trade Agreement (FTA). A further three quotas will be added when the NZ-EU FTA enters into force, bringing the total to 10 quotas.”

There was strong interest in beef access under the new tariff free UK FTA beef quota, delivering positive signals into this market, she says.

“Between May 2023 and December 31 2023, more than 1,700 tonnes entered under this new quota with tariff savings of $9.9 million.

“Preparation for the EU FTA is underway and it is anticipated implementation requirements can be concluded for entry into force by mid-2024.”

Sam McIvor, chief executive of the NZMB, said the Board’s work during 2023/24 included planning to establish the management systems for administering the new FTA quotas.

“With support from the New Zealand Government, the NZMB successfully secured paperless quota certification in the US quota market, realising significant economic benefits for exporters. The Board is now seeking expansion of paperless quota certification to other quota markets.”

The NZMB also administers significant farmer reserves, currently standing at $79 million, held as a contingency fund to help New Zealand re-enter export markets in the event of a biosecurity incursion or disruption in quota markets.

Interest from this fund is used for industry-good projects. Following consultation with farmers, the Board is now considering proposals to allocate up to $700,000 in ongoing investment to the Informing New Zealand Beef (INZB) genetics programme and up to $1 million into a new programme focused on eradicating facial eczema in sheep.

More like this

McIvor moving to OSPRI

Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.

Funding boost for red meat

Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).

Featured

McIvor moving to OSPRI

Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.

Off the radar

A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.

National

Well said at the shed

Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as…

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.