NZ Beef Mince Now Over $24/kg as Export Demand Stays Strong
New Zealand consumers are paying more for beef mince than ever before, with the average retail price now sitting above $24 per kilogram, according to Rabobank.
While $175m of the ingredients - sourced from farmers, growers and bakers - were served locally, the company also exported $325m worth ingredients to its overseas stores.
McDonald's NZ annual shopping list, released last week, shows that it spent $119m more on NZ ingredients than the previous year.
Last year was also a record year for beef with a whopping 60.7 million kilograms exported globally to other McDonald's markets - an increase of 35.4m kg from 2020. In addition, 6.5m kg was used locally for Macca's 100% beef patties.
"New Zealand is one of the top 10 countries that supplies quality beef to McDonald's globally and is working within the industry and alongside government agencies such as AgResearch to develop more sustainable methods of farming" says McDonald's managing director David Howse.
"New Zealand suppliers were able to meet record demand for quality beef from international McDonald's markets in 2021, with other beef export countries struggling due to a variety of issues, including recovering from droughts and the pandemic."
Meat Industry Association chief executive Sirma Karapeeva says NZ farmers and meat companies are proud to be able to offer high-quality grass fed sustainable beef, grown and processed to the highest standards.
"Companies are listening to what consumers both in New Zealand and globally are seeking and this is reflected in their product offering.
"Being part of the McDonald's supply chain adds real value to New Zealand's red meat sector."
McDonald's buys nearly 90% of ingredients locally.
Howse says the company is even more proud to be sharig NZ quality produce with McDonald;s markets across the globe.
McDonald's markets throughout the Asia Pacific, Middle East and Africa purchased an additional $323m of produce right from New Zealand's backyard, an increase of $100m from 2020.
Along with grass-raised beef and cheese, this exported produce also includes 93,000kg of potatoes from Canterbury and 89,000kg of chicken from the Waikato.
"McDonalds value the long-standing partnerships we have built with local businesses since 1976 and it's something we will continue to support and grow for years to come," says Howse.
