NZ farmers see limited benefit from high US beef prices as rising kiwi erodes returns

Mon, 19 Feb 2018

By Tina Morrison Feb. 20 (BusinessDesk) - New Zealand farmers aren't seeing the full benefit of rising beef prices in the US, their largest market for the meat, because the stronger kiwi dollar is crimping returns, according to AgriHQ. The price for 95CL imported bull beef was recently at US$2.25 a pound, up from US$2.14/pound last month, US$2.23/pound a year ago and ahead of the US$2.20/pound five-year average, according to AgriHQ data. The price for imported 90CL cow meat was recently at US$2.13/pound, from US$1.98/pound last month, US$...

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