Tuesday, 13 August 2024 14:35

China flu

Written by  The Hound

OPINION: This old mutt reckons the latest red meat export numbers bring to mind the old maxim, "When China sneezes, the world catches a cold".

Certainly, it's lower demand from China that's holding back a recovery to full health in meat industry returns, whoch had been decidedly sick until recently.

MIA data shows positive growth overall in June, driven by the US, up 14% to $303m, Japan up 53% to $61m, the UK up 66% to $61m and Canada, up 94% to $51m.

China, still the second largest market after the US, was down 38% to $176m - dragging the June average back to a 2% increase overall.

Same deal with second quarter red meat exports, down 1% to $2.9b despite all major markets boosting volumes, except China, which was down a whopping 40%.

More like this

New Order

OPINION: If old Winston Peters thinks building trade relations with new nations, such as India, isn't a necessary investment in our future, he has rocks in his head.

From the CEO: Trade rules

Trade is important to our industry, whether it’s because 90% of our wine sales are in international markets, because of the international tourists who spend money at our cellar doors, or because of the equipment we source from overseas to operate our wineries and vineyards.

Featured

Cresslands Stud's Century of Change

The subdivision and sale of the Rangiora's Coldstream Estate in 1921 was advantageous for not one, but four Cantebury families - but one in particular has become synonymous with outstanding Holstein Friesian cattle.

Editorial: Live Exports Dead in the Water

OPINION: Public opinion, political pragmatism and commercial and market reality have caused the Government to abandon introducing legislation into Parliament to legalise the shipment by sea of live animals - mainly cows - to overseas destinations.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Silly Season

OPINION: Election years are usually regarded as the silly season, but a mate of the Hound reckons 2026 is shaping…

Two-Faced System

OPINION: If farmers poured just a few litres of some pollutant into a stream, the Green Party and the wider…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter