Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Reduced volatility critical for long-term sheepmeat sector


20 August 2013

Reduced volatility critical for long-term sheepmeat sector viability

Representatives of the sheepmeat sectors from the United Kingdom, France and New Zealand met last week and have agreed that the volatility of returns is negatively impacting the long term viability of their respective sheepmeat sectors.

They agreed that the roller coaster ride of good years followed by poor years saps the confidence of sheepmeat producers, resulting in a decline in production in most sheep producing countries and a sector that has difficulty attracting and retaining good young people.

A cross-sector group from the UK and France came to New Zealand on a fact-finding mission to better understand the current outlook for New Zealand sheep farmers and to identify and discuss common challenges. They met with representatives from key industry organisations, farming groups and the meat processing and exporting companies.

Beef + Lamb New Zealand Chairman, Mike Petersen said all of the producer organisations agree that sheepmeat supplies from the northern and southern hemispheres are complementary and vital to ensure that lamb is available on supermarket shelves in European markets throughout the year.

Uncontrollable factors like climate conditions or exchange rate movements can sometimes disrupt orderly marketing programmes and this results in unexpected volatility in pricing.

Petersen said while there is currently every sign that returns will improve over the medium term, the organisations consider that there is an opportunity over the next six months for sheepmeat producers, processors and exporters on both sides of the world to better understand market dynamics and to consider how more stable returns might be able to be generated in the future, and in doing so, improving the long-term viability of the sheepmeat sector.

Farming leaders from the groups agreed that they should continue to work together in areas of common interest and on how farmers deal with the level of volatility facing the sector.

“We’ll be working with others in the supply chain to encourage better returns for farmers and a more profitable and vibrant industry,” Petersen said.

It was agreed that the Global Sheepmeat Forum to be held in Brussels later this year could provide another opportunity to continue this work.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>

ALSO:

Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>