Record lamb shipments in May bolster exports to second-highest monthly total

Tue, 26 Jun 2018

By Tina Morrison June 27 (BusinessDesk) - Lamb exports hit a new monthly record in May due to a rise in volumes and prices, helping bolster New Zealand's trade balance. The value of lamb exports reached $369 million in May, exceeding the previous high of $340 million in February 2009, Statistics New Zealand said. Exports of lamb were up in all major markets, including China and the European Union, with the value up 32 percent, or $89 million, and the quantity up 22 percent compared with May last year, Stats NZ said. A 17 percent gain...

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