Strong outlook for New Zealand's beef

Tight global beef supplies and steady demand for New Zealand beef are expected to support healthy farmgate prices for New Zealand beef producers through to 2025, Rabobank says in a newly-released report. But with a number of key challenges facing the industry – including the need to decrease greenhouse gas emissions and to reduce bobby calf processing requirements – the bank says new ideas and strategic investment will be required by the industry to find solutions to these challenges and to extract more value from the beef supply chain. In the new report Capitalising on tailwinds through to 2025, Rabobank says the beef industry has performed exceptionally well over recent years. “The New Zealand beef industry has grown exports by 94,000 tonnes or 21 per cent over the last five years and enjoyed a golden run of pricing during this period,” report author Rabobank agricultural analyst Genevieve Steven said. “Growing demand from China has been the key factor that has fuelled an ...