NZ meat industry loses $1.5b annually to non-tariff barriers
Wouldn't it be great if the meat industry could get its hands on the $1.5 billion dollars it's missing out on because of non-tariff trade barriers (NTBs)?
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."
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Tributes are pouring in from across the political divide for former Prime Minister Jim Bolger who passed away, aged 90.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…