NZ lamb exports fall in May as Chinese demand dwindles

Mon, 10 Jul 2017

By Rebecca Howard July 10 (BusinessDesk) - Strong volumes of New Zealand lamb exported through April did not flow into May after Chinese buyers stockpiled inventory earlier in the year, according to AgriHQ. Total shipments for the month were 30,683 tonnes, down 11 percent versus the same month a year earlier but only 2 percent lower than the five-year average. Total volumes for both frozen and chilled lamb were down between 10 percent and 11 percent, AgriHQ said in its latest monthly sheep & beef report. In terms of frozen product, the...

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