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

 

Red Meat Exports Top $1 Billion In March 2020, A First For Monthly Exports

The monthly value of New Zealand red meat and co-product exports topped $1 billion for the first time, according to an analysis by the Meat Industry Association (MIA).

Total exports reached $1.1 billion in March 2020, an increase of 12 per cent on March 2019.

While overall exports to China for the month of March were down by nine per cent compared to last March as a result of COVID-19, exports to all other major markets increased, demonstrating the agility and resilience of the New Zealand red meat sector.

Sheepmeat export volumes were up four per cent and value up 13 per cent compared to last March. And while sheepmeat exports to China were down 11 per cent by volume compared to last March, they still recovered significantly from February, doubling to nearly 25,000 tonnes.

A decrease in sheepmeat exports to the United States was offset by a significant increase in exports to Malaysia, up 131 percent to 3,310 tonnes.

There was a similar increase in beef exports, up three percent by volume and 14 percent by value. China was the only major market where beef exports decreased compared to last March, but as with sheepmeat, they recovered significantly from February, doubling to 13,408 tonnes.

Notably, beef exports to Australia rose strongly to 1,230 tonnes, reflecting the significant two-way trade in red meat and co-products between the two countries, which is driven by supply and demand in each country and facilitated by the open trading relationship.

Sirma Karapeeva, chief executive of the Meat Industry Association, says the latest figures highlighted the New Zealand red meat sector’s strong global networks and agility.

“These statistics are pleasing, especially given the challenges and disruption to the supply chain as a result of COVID-19. Some channels such as the food service sector have been significantly impacted. Processing and exporting companies have been agile enough to pivot to other markets and other segments such as retail and online channels.

“This strong export performance is also due to processing and exporting companies working hard under challenging conditions and strict COVID-19 processing protocols to keep their businesses operating.

“There is clearly strong global demand for protein, however we are also mindful of the considerable global volatility and uncertainity in the marketplace.

“Now, more than ever, the red meat sector is proving how important it is to the New Zealand economy. As New Zealand’s largest manufacturing sector, we are generating critical export revenue and supporting thousands of jobs and communities across the country.

“The people working in our sector, whether that’s at processing plants, in sales and marketing or food technology, deserve great credit for this outstanding performance.”

Exports for first quarter strong

Overall, exports for the first quarter of 2020 were strong, up by 11 per cent by value compared to the 2019 first quarter. Total exports to China were down (10 per cent by value) but there were increases to nearly all other major markets.

Sheepmeat export volumes for the quarter were down five per cent, largely driven by a 23 per cent drop in the volume of exports to China.

However, the overall sheepmeat export value was up six per cent to $1.4 billion with a 13 per cent drop in export value to China offset by increases to the UK, up 25 per cent to $184 million, Germany, up 15 per cent to $102 million, and Malaysia up 171 per cent to $61 million.

Beef exports for the first quarter were up four percent by volume and 19 percent by value compared to 2019. Again, exports to China decreased, but exports to nearly all other major markets increased in volume and value. Indonesia was particularly strong, up 174 per cent by volume to 2,950 tonnes, and 189 percent by value to $13 million.

Annual exports positive

Annual exports were also strong, up by seven per cent to $9.3 billion for the past 12 months. Total exports to China increased by 36 per cent by value, despite the impact of COVID19 on the first quarter of this year, reflecting the high demand from China for most of last year.

Exports to most other major markets decreased by value, apart from Japan up 8 per cent to $400 million and Australia up 6 percent to $174 million.

While the overall volumes of sheepmeat decreased seven per cent to 383,126 tonnes compared to the previous March year, the value increased by two percent to $4 billion for the year. China was up 18 per cent to $1.5 billion and most other markets were down, apart from Malaysia -- up 67 per cent to $94 million.

Beef volumes were up four percent to 465,208 tonnes. China took the lead up by 52 per cent to 208,881 tonnes and Japan eight per cent to 20,458 tonnes, but most other markets dropped compared to the previous March year. Notably, volumes to Switzerland increased by 101 per cent to 5,093 tonnes.

The value of beef exports was up 18 per cent to $3.8 billion. As with volume, there were increases to China and Japan with decreases to other major markets apart from a significant increase to Switzerland, up 121 per cent to $40 million.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:


Telecoms: Spark Welcomes Spectrum Allocation And Prepares For 5G Rollout Over The Next 12 Months

Spark welcomes spectrum allocation and prepares for 5G rollout over the next 12 months Spark today welcomed the announcement of the direct allocation process of 5G spectrum, with the Company to be offered management rights to 60 MHz of 3.5 GHz ... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Tax Changes Throw Cash Lifeline To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO:

Statistics: Some Indicators Pick Up As New Zealand Moves Out Of Lockdown

New Zealanders moved around more in the main centres and used more fuel and power while weekly exports held up as the country left the COVID-19 level 4 lockdown, Stats NZ said today. COVID-19 data porta l, our new webpage, includes about 40 near-real-time ... More>>

ALSO:



University Of Canterbury: Astronomers Discover The Science Behind Star Bursts That Light Up The Sky

University of Canterbury (UC) astronomers are part of an international team that has revealed how explosions on the surface of a white dwarf star can increase its brightness by thousands or millions of times making it look like a new star. For ... More>>

RNZ: International Passenger Numbers At Auckland Airport Drop 95 Percent

Auckland Airport says international passengers numbers have dropped more than 95 percent in the first 20 days of April over the year earlier. More>>

ALSO: