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NZ - Big hit to lamb production
Monday, October 18th 2010, 6:52 AM GMT
Co2sceptic (Site Admin)
The devastating cold weather that hit New Zealand (NZ) in the last few weeks killed newborn lambs in their hundreds of thousands. This is likely to have a significant effect on NZ lamb production going into 2011 and beyond (Rural News NZ).

NZ lamb production is highly geared towards export markets, with 93% of lamb production exported in 2009 (Beef + Lamb NZ). The EU is the largest market for NZ lamb, in both volume (50% of export volume) and value (60% of export value), as NZ has access to a large tariff-free quota. Beef + Lamb NZ expect this quota to be filled this year, as last season’s lambs will make up the volume; however, questions remain over NZ’s ability to meet their 2011 quota.

With the EU providing relatively higher returns to NZ producers compared to other markets, lamb exports are likely to be directed away from lower value markets such as the Middle East and South East Asia, potentially benefiting Australian exporters.
Source Link: meattradenewsdaily.co.uk