Red meat prices are on the improve, Silver Fern Farms chief says

Sheepmeat prices have been under pressure recently. (Image: NZME)

Thu, 31 Oct 2024

Red meat prices have come “off the bottom of the cycle”, Silver Fern Farms chief executive Dan Boulton says.Softness in China, typically New Zealand’s largest market, and Australian products flooding international markets have been among the factors weighing on prices over the past year.According to the Meat Industry Association (MIA), exports to China in August were down 50% to $107 million compared with the same time last year.The United States was again the largest market during the month, with a 7% year-on-year increase to...

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