All Episodes

October 31, 2024 3 mins

There's green shoots emerging for New Zealand's struggling red meat sector, according to new reports.

The Meat Industry Association claims exports to China in August were down 50 percent to $107 million compared with the same time last year.

The Country's Jamie Mackay explains further.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Jamie McKay hosted the Countries with us. Right now, Hey, Jamie, diet,
I hear that red meat prices they finally recovering, are
they well, they're coming off the bottom of the cycle,
according to Silver Fern Farms Chief executive Dan Bolton. Interestingly,
when we crunched the August numbers from the Meat Industry Association,
our exports to China, as Trumpy would say, we're down

(00:23):
fifty percent to one hundred and seven million. But here's
the good news. Maybe short term. The United States was
again the largest market for New Zealand red meat in
August seven percent year on year increased to one hundred
and ninety eight million. What happens next week or after
next week, we don't know. So the poor old sheep
farmers here that they've had a hell of a time.

(00:44):
They're not getting much, or they weren't getting much for
their lamb, getting next to nothing for their wall. But
lamb is up about a dollar a kilo from this
time twelve months ago. We're starting to see some green shoots.
I know, you hate that word in China due to
the stimulus packages from the Chinese government and Silver Fern Farms,
who's half owned by the Chinese, is quite optimistic ahead

(01:07):
of the new year, so Bolton. Dan Bolton went on
to say, look, China's back in the market. They're being competitive.
But here's the interesting thing. He said, the Middle East
growth for our red meat was just eye watering, and
the United States was absolutely firing on all cylinders, pushing
up farm gate price for ball beef. So we literally

(01:30):
cannot supply them enough beef at the moment due to
the drought they're having over there. So better times ahead
for the red meat industry. What about strong Will, Well,
it's funny you ask that, Heather. It's been a dog
for a number of years, but maybe there's some light
at the end of the tunnel for strong Wallet. Today's
North Island Napier Sail. The strong Will indicator was up

(01:53):
ten cents to its highest point in the past three seasons.
Clearance rate lightly lower exchange rate is happening as well,
and some of the commentary from PGG Rights and Wall
and I has read their report was that some early
U sharing is underway and the quality thus far looks
to be excellent. So all in all, those two stories

(02:14):
add up to a good news story for sheep farmers. Yeah, totally.
Hey listen, why isn't it broccoli might cost nine bucks ahead?
What's going on there? Yeah, weller, can you imagine that
twenty seven dollars a kilo nine dollars ahead. There's a
new report out from the New Zealand Institute of Economic
Research which is warning fresh vegetable prices could increase, possibly dramatically,

(02:36):
if the government doesn't move to provide a clear and
workable regulatory pathway for vegetable production. Now I've quoted those numbers,
twenty seven dollars a kilo for broccoli, nine dollars ahead.
Those are the potential of vegetable production should I say,
is cut by twenty percent as a result of proposed

(02:57):
regulations aimed at reducing night drogen runoffs. So this report
draws on research estimating that a twenty percent reduction and
vegetable supply should these regulations come, and could push vegetable
prices up by at least twenty percent, possibly one hundred percent.
So yeah, we've got to tread warily on that one.
On the other problem we've got with vegetables, Heather, is

(03:19):
that some of our best vegetable growing land in this
country has now growing houses A very good point, Jamie.
Thanks very much, mate, Jamie McKay, host of the Country.
For more from Heather Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio
Advertise With Us

Popular Podcasts

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!

Las Culturistas with Matt Rogers and Bowen Yang

Las Culturistas with Matt Rogers and Bowen Yang

Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.

Crime Junkie

Crime Junkie

Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.