Higher prices recorded for beef in year-ended March 2015

Exports of meat and edible offal from New Zealand seem to have bucked a general downward trend for goods exports for the year ended March 2015.

Meat and edible offal rose $101 million (14 percent) in March 2015, compared to March 2014, according to Statistics NZ.

Frozen beef drove the rise, up $122 million (50 percent). The rise in total meat exports was due to higher prices, with the quantity up 4.5 percent, says Statistics NZ.

This is against a backdrop of total goods exports falling back by $103 million (two percent) down to $4.9 billion in March 2015, compared with March 2014. Exports to China fell $324 million (29 percent), due to whole milk powder. Exports to Australia fell $26 million.

The value of total goods exports to Australia ($8.7 billion) surpassed those to China for the 2015 year, said Statistics NZ.

For the past five months, exports to China and Australia have both fallen, compared with the same month in the previous year. Falls in exports to China were larger than the falls to Australia.

“This is the first time Australia has been our top export destination since the year ended November 2013,” says international statistics manager Jason Attewell.

 

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