NZ beef exports increase 7%
NEW ZEALAND - New Zealand beef and veal exports during February increased 7% on February 2006 levels, to 35,495 tonnes swt (New Zealand Meat Board). The rise in exports for the month can be credited to increased shipments to Korea and Taiwan, while exports to the US, Canada and Japan declined.
14 March 2007
1 minute read
Shipments to both Taiwan and Korea increased during February, with exports to Korea jumping 36%, to 5,393 tonnes swt, while volumes to Taiwan surged 15%, to 2,008 tonnes. Despite a 7% increase in beef exports to Japan from the previous month, NZ exports were back 14% on February 2006 levels, to 3,014 tonnes swt.
Reduced demand for manufacturing beef in the US contributed to shipments to the US falling back 6% on February 2006 levels, to 16,253 tonnes swt. Despite the decline during February, Meat & Wool New Zealand predicts demand from the US will become stronger in the coming months, as domestic supplies tighten. Similarly, exports to Canada for the month dropped 36% on 2006 levels, to 1,682 tonnes swt, while exports to Mexico decreased 77%, to 132 tonnes swt.
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