While a smaller lamb crop contributed to a decrease in total exports of lamb over the first half of the 2013-2014 season, compared with the same period last season, an increase in average value translated to total lamb exports rising in value by 11 percent, explains B+LNZ chief economist Andrew Burtt.
An early processing season pushed mutton exports up significantly.
“However, this is expected to balance out in the second half of the season. Mutton exports averaged $5,310 Free on Board (FOB) per tonne, up 14 percent on the same period last season. Meanwhile, beef and veal exports were stable in both volume and value,” he says.
|Annual change (%)|
|Tonnes||$ FOB||$FOB per tonne|
|Beef & Veal||-0.4||+0.4||+0.7|