Global economic slow-down weighs on red meat prices

Lambs prices are under significant pressure. (Image: Getty)

Thu, 14 Sep 2023

Two of the country’s largest meat processors have put out forecasts until the end of the year, both signalling challenges ahead.The slowdown in the Chinese economy has put significant pressure on New Zealand exports there, particularly red meat and dairy products.Added to that, the wider global economy and a lack of consumer spending due to high inflation are also having an impact.A year ago, according to AgriHQ data, the North Island lamb slaughter price was $9.55/kg, with the South Island lamb getting around $9.50/kg.Both North and Sout...

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