New Zealand beef exports fall 4.2% - leatherbiz: Leading news site for Leatherbiz

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New Zealand beef exports fall 4.2%

08/02/2010
New Zealand’s beef exports may fall to the lowest level in eight years, mainly as a result of negative currency effects. Ranchers are choosing to rebuild their herds after successive droughts in key regions reduced the supply of animal feed and because the high currency level has led to reduced prices.

According to Meat & Wool New Zealand, beef and veal exports are expected to fall 4.2% to 346,800 tonnes in the year ending June 30 compared with 362,100 tonnes last year. It claims the weak global economy may reverse recent gains in wholesale and retail prices, especially in important markets such as northern Asia and Europe.

Meat & Wool New Zealand is expecting a slow recovery, with the UK, Spain and France showing particular weakness at present.


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