Lamb val­ues ris­ing

Matamata Chronicle - - Rural Delivery -

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

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