Tuesday, 26 September 2023 09:55

More pain yet!

Written by  Peter Burke
A flood of Australian sheepmeat is coming into export markets, which is dragging down the price. A flood of Australian sheepmeat is coming into export markets, which is dragging down the price.

China's slower than expected recovery from Covid-19 and an oversupply of Australian sheep meat is causing problems for NZ sheep farmers.

Rabobank’s senior agricultural analyst Emma Higgins says there is more pain to come before things start to settle down.

“The sheepmeat price schedule has come below the bottom of the five year price range, so it’s a bit more tricky there with some really tough market settings in the coming months.”

“They have had good lambing percentages and are now being warned about a possible dry summer.”

On the flip side, Higgins says there is some good news on the beef front with some stabilisation coming through in terms of farm gates prices in NZ. “In the last month these have started to track upwards due to the price of beef lean trimmings starting to lift in export markets.”

She adds that with milk production in NZ declining, it should mean that the schedule price will follow the normal season trend in the coming months.

More like this

M.I.A.

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

NZ wine grapples with oversupply despite export gains

The large 2025 harvest will exacerbate the wine industry's "lingering" supply from recent vintages, New Zealand Winegrowers Chief Executive Philip Gregan told attendees at Grape Days events around the country in June.

Featured

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

People-first philosophy pays off

The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

From Nelson to Dairy Research: Amy Toughey’s Journey

Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.

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