NZ meat industry urged to bite bullet on rationalisation, rewards worth 'billions'

Mon, 16 Mar 2015

By Jonathan Underhill March 16 (BusinessDesk) - New Zealand's meat companies has been urged to bite the bullet and carry out long-mooted industry rationalisation, which could deliver "billions of dollars" in benefits, a new report says. The "Red Meat Industry – Pathways to Long-Term Sustainability" report commissioned by Meat Industry Excellence, a farmer-led group campaigning for industry reform, says that over-capacity in the industry "is costing farmers and processors a great deal, and distorting market behaviour to the detriment of ex...

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