Lamb values rising
The value of New Zealand’s lamb exports rose 11 per cent in the first half of the 2013-14 year, despite fewer lambs. Total exports of lamb fell 2.5 per cent over the first half of the season after the summer drought, Beef + Lamb New Zealand says.
The decrease to 158,200 tonnes was offset by a 14 per cent increase in average value.
The European Union remains New Zealand’s largest market, buying 42 per cent of lamb exports even as its share declines.
North Asia, where demand is rising, is second, buying 33 per cent of exports.
The early processing season pushed mutton exports up 26 per cent to a record 61,700 tonnes, but the volume is expected to balance out during the remainder of the season, which finishes at the end of September.
China accounted for 72 per cent of New Zealand’s mutton exports in the first half of 2013-14, 20 per cent up on the same period in 2012-13, while exports to the United Kingdom, New Zealand’s second largest market, declined. In the first six months of 2013-14, the total value of mutton exports increased by 44 per cent to $330 million.
Beef and veal exports were stable in volume and value.
A decline in exports to North America, North Asia and the European Union was partly offset by an increase to South Asia and the Middle East. Exports to Indonesia increased fourfold in the first six months of the season and accounted for 4.7 per cent of New Zealand beef and veal exports.
Fairfax NZ News