New Zealand Meat Industry Association: China is still New Zealand’s largest red meat export market
The official website of the New Zealand Meat Industry Association (MIA) reported on August 6 that New Zealand’s annual red meat exports in June 2020 were 9.4 billion New Zealand dollars. Despite the interference of the new crown pandemic, it still increased by 639 million or 7% year-on-year. China is still the largest export market.
In the June 2020 year, New Zealand exported 3.7 billion New Zealand dollars of red meat to China, an increase of 24% year-on-year. Part of the reason is because of the impact of African swine fever, China's increased demand for red meat protein. New Zealand's exports to the two major markets of the United States and the United Kingdom remained strong, at 1.7 billion New Zealand dollars (down 1%) and 453 million New Zealand dollars (down 3%). Exports to Japan increased by 15% to 418 million New Zealand dollars, and exports to Taiwan, China increased 7% to 299 million New Zealand dollars.
In the June 2020 year, New Zealand lamb exports fell slightly by 3% to 386,250 tons, but strong meat prices increased exports by 4% to 4 billion New Zealand dollars. Beef exports increased by 2% throughout the year to 460,170 tons, and exports increased by 15% to NZ$3.8 billion. Meat by-products continue to be an important source of income for the industry, with exports of 1.6 billion New Zealand dollars, basically the same as the previous year.
In the month of June 2020, China continued to be the largest market for New Zealand red meat exports, although sales were down 13% from the same period last year. But New Zealand’s exports to the United States increased by 54%, and exports to the United Kingdom increased by 46%. Overall exports increased by 7%.
Silma Karapeeva, chief executive of the New Zealand Meat Industry Association, said the export results are impressive, especially in a challenging global market. "Despite the turbulent global market, the international demand for New Zealand red meat continues to be strong. One of the strengths of the meat processing and export industry is our product diversification strategy. The company is benefiting from the close relationship with its customers and is Efforts to match products with customer needs, so as to obtain greater market value and return to our farmers. Due to the new crown epidemic, we are facing economic headwinds, and the red meat sector has created considerable export income for the country. New Zealand farmers, Processors and exporters are commendable for their outstanding performance. Red meat is New Zealand’s second largest export commodity, and the sector is the largest manufacturing employer and plays a vital role in the economy. The continued success of the industry has contributed to Our country’s recovery from the global economic impact of the pandemic is crucial."
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