Displaying items by tag: red meat

MPI director-general Ray Smith acknowledges the tough times that sheep and beef farmers are going through in terms of loss of profitability and says he's been to many of the regions hammered by weather events. He describes the situation as heartbreaking.

A warning to the red meat sector that competition in many of its key markets is heating up.

Meat Industry Association chief executive Sirma Karapeeva says the outlook for beef in the US is expected to hold up for several years as that country continues to liquidate its herd due to drought.

Global demand is still strong for NZ protein and the outlook for meat is good despite the present turmoil in some key markets - especially China.

OPINION: Is the gloss coming off China’s status as the number one export market for New Zealand primary exports?

Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.

The value of New Zealand’s red meat exports last year suffered an 11% drop to $10.2 billion, compared with the 2022.

NZ's red meat sector says it is committed to playing its part to address climate change, improving our waterways and protecting New Zealand's biodiversity. However, it wants a future Government to implement these policies in relation to the environment and climate change. Nathan Guy, Meat Industry Association, and Kate Acland, Beef+Lamb NZ explain.

New Zealand's red meat exports have taken a big hit as global economic conditions continue to bite.

Analysis by the Meat Industry Association (MIA) shows New Zealand red meat exports dropped by almost a fifth in February as global economic conditions deteriorated.