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06

2022

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07

New Zealand’s Average Price of Beef and Mutton Exports to China is on the Rise Despite its Exports Declined

Source:

According to the data analysis from MIA (Meat Industry Association), New Zealand's red meat exports rose to $ 678.6 million in May, up 28% from a year earlier, despite a sharp drop in exports.

According to the data analysis from MIA (Meat Industry Association), New Zealand's red meat exports rose to $ 678.6 million in May, up 28% from a year earlier, despite a sharp drop in exports.

 

New Zealand mutton exports fell 6% from May last year, while exports rose 23% to $277.6 million. New Zealand beef exports rose 1% year on year, while exports rose 34 per cent to $298.58 million.

 

An increase in high-value red meat exports from New Zealand is helping to cushion the impact of continued volatility in international meat prices, the CEO of the MIA said.

 

New Zealand has exported about 183,000 tons of mutton so far this year, down 14 per cent on the same period last year. Mutton exports worth $ 1.36 billion, up 8% from a year earlier. The story is similar for New Zealand beef exports. Year-to-date, New Zealand beef exports are 6 percent lower than the same period last year, but beef exports worth $1.36 billion are up about 29 percent from a year earlier.

 

New Zealand's mutton exports to China fell in May this year, while exports to all other markets increased, notably to the UK. New Zealand lamb exports to Britain in May were 5, 376 tons.

 

In May, the quantity of mutton exported from New Zealand to China decreased, but the average export price of mutton remained high, with the average FOB price of mutton exported at $7.86 /kg.

 

New Zealand beef exports to China rose 72 per cent to $127.7 million in May. The average FOB price for New Zealand beef exports in May rose to $6.43 / kg.