Update on NZ-EU Free Trade Agreement
TL;DR: The New Zealand-EU Free Trade Agreement has been launched, enhancing trade, reducing tariffs, and strengthening economic ties, vital for New Zealand’s growth and international relations. New Zealand Enhances Trade with the EU Todd McClay highlights the critical role of international trade for New Zealand, accounting for 60% of the nation’s total economic activities. He […]
Weekly Cattle and Sheep Market Overview
TL;DR: The GB cattle and sheep markets remained stable with slight variations. While cattle prices were steady, sheep prices dipped slightly despite lower supply. Strong retail demand and strategic promotions buoyed the market, with upcoming religious festivals expected to influence future demand and pricing. Cattle Market Stability In the week ending 27 April, the GB […]
Trends in Beef and Lamb Trade: Seasonal Demands and Export Shifts
TL;DR: In February, sheep meat imports and beef exports from the UK saw significant changes. The Southern Hemisphere capitalised on competitive pricing, while promotional efforts aimed to boost lamb consumption in the EU and expand beef markets in Hong Kong. Sheep Meat Imports Surge In February, total sheep meat imports soared to 5,250 tonnes, a […]
Rising Demand for Australian Lamb in Overseas Markets
TL;DR: Demand for Australian lamb in the US has significantly increased, boosting prices. Despite general market softening, strong overseas demand supports robust pricing, positioning Australian lamb well in global markets for the foreseeable future. Strong Uptake in the US Since December, the American appetite for Australian lamb has surged impressively. Just before Christmas, prices for […]
Significant Reduction in GHG Emissions in the Australian Red Meat Industry
TL;DR: The Australian red meat industry has cut its GHG emissions by 78% since 2005, driven by improved land use and regrowth. The sector continues to innovate towards carbon neutrality by 2030, supported by significant investments in sustainability research and practices. Impressive Decline Since 2005 Recent research conducted by Meat & Livestock Australia (MLA) and […]
Understanding the Eastern Young Cattle Indicator (EYCI)
TL;DR: The Eastern Young Cattle Indicator (EYCI) tracks young cattle prices across key Australian regions, reflecting market dynamics influenced by processors, restockers, and feeders, with noticeable seasonal and regional variations in buying patterns. What is the EYCI? The Eastern Young Cattle Indicator, commonly known as EYCI, measures young cattle prices across Queensland, New South Wales, […]
Weekly Market Wrap: Cattle and Sheep
TL;DR: This week, cattle markets showed mixed results, while sheep indicators increased due to lot feeder and restocker activity. Slaughter numbers dropped significantly due to the ANZAC holiday but are expected to normalise next week. Cattle Market Overview The cattle market mostly showed positive trends this week, although some indicators noted a slight decline. The […]
New Leadership at Sanford
TL;DR: David Mair transitions from Skellerup to become CEO of Sanford, bringing proven leadership and strategic vision to the fishing company. David Mair Joins Sanford After a notable 14-year tenure at Skellerup, David Mair has moved to Sanford, a prominent listed fishing company, as the new chief executive. Impressive Track Record Under his leadership, Skellerup […]
Lamb Market Stagnation
TL;DR: Lamb prices remain low due to weak demand from China and high production in Australia. Companies are cutting costs and exploring new markets to mitigate the impact. Despite potential improvements, global market conditions and strong Australian production continue to dominate pricing, with technological advancements in focus for future stability. Subdued Market Responses Exporters report […]
Trans-Tasman Fertiliser Dispute Escalates
TL;DR: Marnco, an Australian fertiliser company, enters the New Zealand market, sparking legal action from FANZ over product quality claims. The dispute focuses on whether Marnco’s superphosphate meets the 8% Fertmark standard, with a court hearing set for September. A significant battle has ignited between Australian company Marnco and New Zealand’s farmer co-operative companies over the […]
