Friday, 28 October 2016 14:59

Meat exports fall 15% in September quarter

Written by 
Meat and edible offal exports fell 15% ($235 million) in the September quarter. Meat and edible offal exports fell 15% ($235 million) in the September quarter.

Meat and edible offal exports fell 15% ($235 million) in the September quarter, Statistics New Zealand says.

The fall in values, after adjusting for seasonal effects, was due to a 13% fall in the quantities exported.

"We are seeing the effect of lower prices after the record meat season last year," international statistics senior manager Jason Attewell says. "In the year ended September, the actual value of meat exports has fallen by around 7%, but quantities were little changed, down 1%."

The fall in meat exports was a leading factor in a drop in total goods exports from the June 2016 quarter. Overall, seasonally adjusted quarterly goods exports fell by 4.8 percent ($605 million).

Other key movements in the September 2016 quarter included a fall in the value of fruit exports, down 5.8% ($40 million) to $644 million, and a rise in the value of forestry products, up 4.1% ($43 million) to $1.1 billion.

Exports of milk powder, butter, and cheese were little changed in the September 2016 quarter.

The seasonally adjusted value of goods imports rose 2.2%, led by a rise in capital goods.

The seasonally adjusted quarterly trade deficit was $1.1 billion, equivalent to 9.5% of exports.

This release focuses on our goods trade. For the year ended June 2016, goods made up 70% of total exports, and 74% of total imports. Goods and Services Trade by Country: Year ended September 2016 will be available on 2 December 2016.

More like this

Featured

Hort industry dishes out awards

Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.

Manuka honey trader posts sour results

Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.

Poultry industry, Govt sign landmark biosecurity deal

The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).

National

Machinery & Products

» Latest Print Issues Online

The Hound

Faking it

OPINION: Demand for red meat is booming, while it seems the heyday of plant-based protein is well past its 'best…

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter