New Zealand's red meat exports steady despite volatile global market

In which, beef exports increased by 18% in volume and 6% in turnover, reaching 46,732 tons, equivalent to 420 million USD. Beef exports to China increased 23% in volume to 18,764 tons and increased 7% in value to USD 155 million. Beef exports to the US increased 45% in volume to 18,296 tonnes and 32% in value to $166 million, US domestic beef production is slowing due to drought conditions in some regions and demand for beef. Imported beef is on the rise. Beef exports to Korea and Japan both decreased, of which to Japan fell sharply from the record level in April 2022, down 55% in volume to 1,437 tons and down 56% in value to US$14 million. . Spending by Japanese also took a hit in April 2023 due to the highest food prices in 47 years. New Zealand's mutton exports in April 2023 increased by 10% compared to April 2022, to 38,627 tonnes with a value down 2% to $393 million; in which, exports to China and major markets in Europe both increased but to the US ...