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Red meat exports surge ahead, despite Covid-19

Red meat exports surge ahead, despite Covid-19

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[06 March, Rural News]

January’s meat exports increased by 26 percent to $873.2 million compared to the same period last year, even though Covid-19 has been causing market-wide disruptions. The Meat Industry Association (MIA) report that the value of beef exports has grown by 50 percent, sheepmeat by 18 percent and co-products up 2 percent. The average value of both beef and sheepmeat exports dropped between December 2019 and January 2020, however both amounts were still above the averages for January 2019. MIA has stated that the sector has shown its agility by diverting product rapidly into other markets, as soon as the slowdown became apparent, and this shows our sector’s resilience.

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