ANALYSIS: New Zealand's July 2024 Beef Exports Record 19.6% M-O-M Decline; Exports to China Nosedive

New Zealand’s beef exports in July 2024 amounted to 40,046 metric tonnes (mt), falling 19.6% or 9,734 mt compared to the same period last month, data from Stats NZ indicated.

Notable decreases were seen in exports to the United States (US) and China, in line with seasonal production patterns and lower cattle numbers. Year-on-year (y-o-y), exports fell 13.8% or 6,427 mt. Higher exports to the key Japanese, Canadian and Korean markets helped to mitigate further falls... 

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