The Cost Of Living Is Having An Effect On The Red Meat Sector At Home, And Volatile Overseas Markets Have Led To A Drop In Sheep Meat Exports

The cost of living is having an effect on the red meat sector at home, and volatile overseas markets have led to a drop in sheep meat exports. The Meat Industry Association said red meat exports reached $935 million in June, with sheep meat exports down 20% by volume to 25,369 tonnes and 28% by value to $281m. Sheep meat exports to China dropped by 21% in value (to $89.4m) compared to June last year. Federated Farmers was planning meetings to help farmers come up with strategies to deal with the situation, he said. Meat Industry Assn CEO Sirma Karapeeva says Beef exports were up 12% on June 2022 to 52,773 tonnes, but the value was down three percent to $477m adding that China was down in value 26% to $158m, Japan down 48% to $23m and Korea down 70% to $8m.