US burger demand bodes well for NZ beef farmers, economist says

Wed, 15 Apr 2015

By Tina Morrison April 15 (BusinessDesk) - A trend towards eating out in the US, which saw sales at restaurants and bars overtake spending at grocery stores for the first time last month, bodes well for New Zealand farmers who produce beef for hamburger patties, an economist says. The US is New Zealand's largest beef market, accounting for 51 percent of the nation's $2.65 billion of beef exports in the year through February, according to the latest trade data from Statistics NZ. Retail sales data released in the US yesterday showed younge...

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