NZ's red meat exports to China plummet

NZ's red meat exports to China plummet
MIA chief executive Sirma Karapeeva says sheepmeat markets are under “significant pressure”. (Image: Meat Industry Association)
Staff reporters
China is still New Zealand’s largest red meat export customer but new numbers from the Meat Industry Association (MIA) show that it might not be for much longer as China loses market share.The MIA said China was still the largest market for the month of July but also experienced the largest drop in overall exports for both beef and sheepmeat.BusinessDesk columnist Cameron Bagrie said in a column on the export downturn this morning that China was losing market share rapidly as the US diversified its supply chain and the value of all China&...

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