B+LNZ Forecasts Lower Prices, But Still a Strong Season
Farmgate lamb prices are down by 8%, beef cattle by 4.5% and farm expenditure up by 4.2%.
Guy says with a population where over 75% are Muslim, the UAE is a key halal market that is increasingly looking for reliable sources of high-quality red meat that meets their strict halal expectations.
"Halal-certified exports made up 37 percent of total red meat exports and were worth approximately $3 billion in 2023/24, so NZ is well placed to meet the UAE's red meat needs," he says.
Beef + Lamb New Zealand chair Kate Acland says food security is a priority for the UAE with international trade identified as a key enabler, and beef in particular cited in their strategy as a key item to secure supply in.
The dairy industry is a major beneficiary of the deal and according to Kimberly Crewther, the executive director of DCANZ - the organisation that represents dairy companies - says that eliminating tariffs on all dairy products provides important certainly to continue growing this trade
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