Beef and lamb exports to key markets fell in July, slicing into overall red meat exports, Statistics NZ said today.
In the month of July 2016, total goods exports fell by $205 million to $4 billion, while total imports were $4.4 billion. Red meat and edible offal led the fall in exports, which were down 19 percent on July 2015 to $408 million for the month.
Beef export values and quantities to the United States were down in July, compared to the same month a year previously, while lamb values and quantities to the European Union were also down. The US and the EU are the largest export destinations for beef and lamb, respectively.
The largest fall was in lamb exports, which fell 29 percent in value and 25 percent in quantity. Beef fell in value by $33 million (15 percent), while the quantity was down by 2.8 percent on the same month last year.
“The meat export falls this month are partly due to record meat exports this time last year,” international statistics senior manager Jason Attewell said.
“Meat values in July 2015, off the back of a record high meat season, were 31 percent higher than the average value for the previous five July months.”
A fall in the export value of meat and edible offal to China, by $32 million, led an overall fall in that market, while value was down by $22 million in exports of the products to the EU, according to Statistics NZ.