An export-led economy is one of New Zealand First’s key principles, and our commitment to achieving this is shown by the continuing skyrocketing demand for our beef and sheep meat exports.
Beef + Lamb New Zealand's New Season Outlook 2019-20 report forecasts beef, lamb and mutton prices to lift from historically high levels. The chief economist for the industry group, Andrew Burtt, said beef and veal exports was forecast to rise nearly 6 percent to $4.17 billion dollars, while sheep meat was expected to lift 5 percent to $4.23 billion.
Although there remains uncertainty surrounding international trade, and the looming threat of a slowdown, New Zealand’s sheepmeat and beef exports are still in solid demand from larger economies, according to Mr Burtt.
“The production outlook and contribution to New Zealand's economy by the sheep and beef sector remains positive,” the economist added.