11-08-2014 01:05 AM | New Zealand

High prices, tight supply good for NZ meat trade

The New Zealand meat industry could look forward to "very positive" overseas markets, with "rock solid" growth in China, according to a United Kingdom analyst.

Richard Brown of farming research company Gira, is also a sheep and beef farmer. He told the Red Meat Sector conference that tight global meat supply and high prices spelled good news for farmers.

In 2013, New Zealand sent 36 per cent of all sheepmeat exports and 10 per cent of beef to China. Total red meat industry exports to China were worth almost $1.3 billion.
Full Story : Stuff.co.nz