US fall could ben­e­fit NZ

South Waikato News - - RURAL -

A de­cline in beef pro­duc­tion in the United States could have a pos­i­tive spinoff for the New Zealand beef in­dus­try in 2014, ac­cord­ing to a new re­port from Rabobank.

The de­cline in beef pro­duc­tion in the US, which is New Zealand’s largest beef ex­port mar­ket, means New Zealand prod­uct will be in de­mand.

How­ever, in other less tra­di­tional mar­kets where cost is the pri­mary de­ter­mi­nant, grow­ing com­pe­ti­tion from In­dia should be ex­pected, with in­creased lo­cal In­dian sup­ply avail­able for ex­port. New Zealand’s beef sec­tor would hope for in­creased re­turns in 2014 as sup­ply tight­ened do­mes­ti­cally and global beef de­mand re­mained strong. Fair­fax NZ

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