Record January meat exports offsets fall in monthly goods exports

Record meat exports in January partially offset a fall in monthly goods exports, led by frozen beef, which was up 53 percent.

The latest Overseas Merchandise Trade figures from Statistics New Zealand show that exports of meat and edible offal earned $596 million in January 2015, up $100 million from a year earlier. According to Statistics, this was due to higher prices, with the quantity up only 0.7 percent. This was the highest ever value and quantity exported for a January month. Frozen beef led the rise up $93 million (53 percent). Sheepmeat rose $4.9 million (1.8 percent).

For the three months ended January, meat and edible offal exports rose by 23.7 percent, while for the 12 months to the end of January 2015 exports for the commodity were up by 13.2 percent to $6.03 billion.

Total goods exports were down $371 million (9.7 percent) to $3.7 billion in January 2015, compared with January 2014, says Statistics NZ.

Milk powder, butter and cheese exports drove the fall, down 30 percent, led by lower prices. The quantity of dairy products exported rose 2.9 percent, led by cheese and butter, however the quantity of milk powder exported fell 3.1 percent.

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