Friday, 05 March 2021 12:41

Red meat sector exports reach $743.3 million in January 2021

Written by  Staff Reporters
Meat Industry Association chief executive says the industry is continuing to provide a 'strong' result. Meat Industry Association chief executive says the industry is continuing to provide a 'strong' result.

New Zealand exported red meat and co-products worth $738.3 million in January 2021, according to an analysis by the Meat Industry Association (MIA).

Although this represented a 14% drop compared with January 2020, there was exceptionally strong demand for beef in China a year ago ahead of the Covid-19 lockdown and African Swine Fever was decimating Chinese pig herds, resulting in a surge in demand for other protein.

“Red meat exports hit record levels of $9.2 billion during 2020,” says MIA chief executive Sirma Karapeeva.

“The January 2021 results compare favourably with January 2019 under more normal market conditions. Compared with that period, exports were 6% higher. Our industry continues to provide a strong result for the New Zealand economy and for farmers, despite the ongoing global challenges.”

Overall, January saw a drop in export value to most major markets but values to Korea increased by 4% to $18.6 million and by 72% to Indonesia, to $15.1 million.

Volumes of sheepmeat exported dropped by 8% year on year. This was partly due to farmers holding on to lambs longer good rain over the Christmas period. However, the value of sheepmeat exported to China increased by 10% to $173 million.

The volume of beef exports remained similar to January 2020, down by 2%, but 35% higher than January 2019.

Co-products rose by 16%, to $128.7 million. The increase in co-product exports was largely driven by a major growth in tallow exports, up 600% to $21.8 million. China was the major tallow importer with $14.1 million, followed by Singapore with $6.7 million.

More like this

Red meat exports exceed $1 billion

New Zealand exported red meat and co-products worth just over $1 billion during March 2021, according to the latest analysis from the Meat Industry Association (MIA).

China dominates meat exports

The country's red meat sector exports continued to hold up during February reaching $906.7 million, analysis from the Meat Industry Association (MIA) shows.

Hort picking off meat workers

Some orchardists in Hawkes Bay are so short of people to pick their fruit that they are resorting to ‘poaching’ workers from the meat companies.

National

An 'amaizing' change

The success of some of the early Māori adopters in the kiwifruit industry is starting to catch on.

Machinery & Products

Made in NZ... Hansen Products

Made in New Zealand looks at the wealth of design and manufacturing ability we have in this country, producing productive…

New models mark seventh decade

Celebrating its 70th year – and having already released the fifth generation A Series in January – Valtra has just…

Kubota's new autumn offerings

Kubota, which is gaining traction in the agricultural sector with an ever-broadening portfolio, has announced some additions for autumn.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Bad company

The Hound is among many in the agriculture sector, including many of our top scientists, who are somewhat cynical claims…

Quitters?

OPINION: This old mutt wonders what it is about tall, balding, ex-Fonterra executives and their (non) ability to handle life…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter