Visit http://bit.ly/1d6rjvE

Have Your Say

Text "FS" a space, and then your message to 5009

Site Search

Search Search

On Demand

Catch up on your fav shows

Follow Us

  • Twitter
  • Facebook
  • RSS
  • Sign Up
  • Mobile
ASB BUYS NOTES
(Updated 24/11/14 20:43)
GLOBAL DAIRY TRADE
Change in GDT-TWI index -3.1% Average Winning Price (USD/MT, FAS) 2,561
From Trading Event 128 held 18/11

Sheep farmers encouraged to aim for Chinese market

Sheep farmers encouraged to aim for Chinese market
Share |

New Zealand sheep farmers are being encouraged to think like the tourism industry, and aim for the niche, top end Chinese market.

Lamb prices have fallen hard over the past year, with recession in Europe constraining household spending - which means luxuries like lamb have been off the menu.

Westpac economist Nathan Penny points out we've done quite well in the past with targeting wealthy consumers in the UK, Japan and Europe.

He says those consumers are emerging in China, but have yet to really experience New Zealand lamb.

Mr Penny says sheep farmers this year should also benefit from growing Chinese demand for wool.

Meanwhile our beef farmers could be in for a happy 2013, despite the high New Zealand dollar.

Nathan Penny says producers here are benefiting from drought in the Northern Hemisphere, which is pushing up competitors' feed costs, particularly in the United States.

He says Americans still want their hamburgers during drought, and that's created opportunities for pasture-based producers like New Zealand.

Photo: stock.xchng

 

More from the Industry

View all Industry

South Taranaki District Council fined ov ...

Monday, November 24, 2014

The South Taranaki District Council has been fined 115-thousand dollars for ...

Christchurch submitters have their say o ...

Monday, November 24, 2014

Christchurch submitters will have their say today in the last round of the ...

Stable income comes at cost of peak pric ...

Thursday, November 20, 2014

Farmers are being warned .. if they want a stable income .. they may have t ...

Ducks culled in England as bird flu spre ...

Wednesday, November 19, 2014

The strain of bird flu discovered at a duck farm in northern England is the ...

ASB downgrades forecast milk price

Wednesday, November 19, 2014

More belt tightening for dairy farmers. A sharp fall in Fonterra's globa ...

"Gay" bull saved from slaughter

Wednesday, November 19, 2014

A "gay" bull in Ireland has been saved from slaughter after the terminally ...

Advertisement
Farming First
Advertisement
  • South Taranaki District Counci ...

  • Christchurch submitters have t ...

  • Stable income comes at cost of ...

  • Ducks culled in England as bir ...

  • Christchurch submitters have t ...

  • Stable income comes at cost of ...

  • South Taranaki District Counci ...

  • ASB downgrades forecast milk p ...

  • Bryan Gibson: NZ Farmers Weekl ...

  • Eric Roy: Former Politician

  • Sarah von Dadelszen: High prof ...

  • Andrew Tripp: Nithdale Genetic ...

  • VIDEO: $1.5m payday for Lydia ...

  • VIDEO: Hero pig rescues kid

  • VIDEO: Street Fighter - Goat & ...

  • VIDEO: Lorde wins 6 NZ Music A ...

Advertisement