NZ Red Meat Outlook 2026: Growth amid trade uncertainty
While things are looking positive for the red meat sector in 2026, volatility in global trade remains a concern, says the Meat Industry Association (MIA).
New Zealand red meat exports remained steady in April with a total of $863 million worth of meat and co-products exported to global markets.
According to analysis from the Meat Industry Association (MIA), the overall April export figures show an increase on April 2020 levels.
"We are seeing healthy signs that trade is returning to more regular pre-COVID 19 patterns alongside the ongoing strong demand from China as African Swine Fever drives a growing demand for protein such as beef and lamb," says MIA chief executive Sirma Karapeeva.
There were significant increases in the value of exports of chilled meat in April 2021 compared to April 2020, with sheepmeat up 20% to $65 million and beef up 48% to $45 million.
"These levels are similar to the pre-COVID-19 levels of April 2019, indicating that some of the pandemic-related disruptions that saw a reasonably large drop in chilled exports in April 2020 are starting to resolve," Karapeeva adds.
However, while meat exports were steady compared to a year ago, the current supply chain disruptions continue to put significant strain on all exporters, including the meat industry.
"Along with irregular shipping services and unreliable timetables, there's pressure on cold storage facilities and container parks. All of this means costs are rising at every stage of the supply chain.
"These issues have been raised with the Government by the Council of Cargo Owners, which represents the interests of New Zealand exporters and importers and we're seeking discussions around an urgent solution."
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
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As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
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