Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.
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.
© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.