US fall could benefit NZ
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