9th March 2021 By Shannon Williams | firstname.lastname@example.org | @foodtickernz
New Zealand’s red meat exports reached $743.3m in January 2021, a 14% drop compared to the same month a year ago, according to the Meat Industry Association.
MIA said the decline was due to strong demand for beef in China in 2020 ahead of the Covid-19 lockdown, while African Swine Fever was decimating Chinese pig herds, resulting in a surge in demand for other protein.
Red meat exports hit record levels of $9.2bn for the 2020 calendar year.
MIA chief executive Sirma Karapeeva said the January 2021 results compared 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,” Karapeeva said.
Overall, January saw a drop in export value to most major markets, however values to Korea increased by 4% to $18.6m and by 72% to Indonesia to $15.1m.
Volumes of sheepmeat exported dropped by 8% year on year. This was partly due to farmers holding on to lambs longer due to good rain over the Christmas period, MIA said.
However, the value of sheepmeat exported to China increased by 10% to $173m.
The volume of beef exports remained similar to last January, down by 2%, but 35% higher than in January 2019.
Co-products exports rose by 16% to reach $128.7m, largely driven by a major growth in tallow fat exports, up 600% to $21.8m. China was the major tallow importer, with $14.1m, followed by Singapore with $6.7m.
26 Nov 2021 Dairy, beef, lamb exports rise in October
18 Nov 2021 New Zealand’s dulce de leche spreads wings
10 Nov 2021 Exports crucial to new $4.7bn organics strategy