Concerns rise as New Zealand's red meat exports take a sharp decline.
The Meat Industry Association reports exports dropped to $617 million in the 12 months to September; a near 20% annual decrease.
It says the global market is softening, but the numbers look worse than they are because last year's meat prices were at record highs.
ANZ agricultural economist, Susan Kilsby told Mike Hosking that there's been a big drop in demand from our biggest market, China.
She says Chinese consumers are saving —not spending— as financial confidence remains low amidst the country's current challenges.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.