Record high beef exports for New Zealand in July
Tom Forshaw, analyst at the Agriculture & Horticulture Development Board (AHDB), said that the increase its based on larger shipments to some Asian markets.
The demand for New Zealand's beef particularly stood out in China, were shipments increased by 53% in July 2018 compared to 2017 levels.
" Despite Asian markets historically being viewed as lower-value, export values have risen in line with volumes, up 23% in July 2018 to total NZ$312 million," explained Forshaw.
The strong export demand for NZ beef remained strong in recent months, while the domestic price for beef in the country has also been gaining soe strenght.
Starting with September 17, the average P2 steer price stood at 557 cents/kg, which rose over 50% since May 2018. Compared to the same week in 2017, the price is 17 cents above.
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