NZ beef will fill the void left by reduced Aussie exports - Rabobank

Fri, 08 May 2020

Australia’s loss is likely to be New Zealand’s gain in beef exports, although global demand for beef will come under significant pressure due to the economic impacts of covid-19 in 2020. Rabobank animal proteins analyst Blake Holgate said local beef farmers would benefit from an expected 14 drop in the beef slaughter and 17 percent decline in Australian beef exports as low inventories and widespread rain buoyed restocking across the Tasman.Australia is a key competitor for New Zealand beef exports into China and the US, which a...

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