Red meat exports continue to rise

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New Zealand’s red meat sector is continuing to achieve strong export results says the Meat Industry Association.

Exports reached $940 million during January, a 27% increase by value on January 2021. The value of exports increased to nearly all the major markets. China was up 25% to $398 million, the United States up 32% to $195 million, the United Kingdom up 9% to $41 million and Japan up 76% to $40 million.

During January, beef exports were a standout performer, with volume up 7% to 42,291 tonnes and value up 51% to $422 million. The three main beef markets were China ($186 million), the United States ($129 million), and Japan ($24 million).

While sheepmeat volumes dropped by 14%, to 31,449 tonnes, strong prices saw value increase by 12% to $369 million.

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