FREE MUSIC! 18 million songs. Over 450,000 artists. Free the Music and Share the Love with iHeartRadio.

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 24/04/14 03:59)
GLOBAL DAIRY TRADE
Change in GDT-TWI index -2.6% Average Winning Price (USD/MT, FAS) 4,047
From Trading Event 114 held 15/4

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

Daniel Absolom: Win $5000 credit in the ... (Audio)

Wednesday, April 23, 2014

The Focus Genetics Cattle Programme Manager has details on how you could wi ...

Cameron Bagrie: Predicted OCR rise (Audio)

Wednesday, April 23, 2014

The chief economist of the ANZ Bank ponders the predicted rise in the OCR a ...

No link between saturated fats and heart ...

Wednesday, April 23, 2014

A new study suggests advice on saturated fats could be wrong. The research, ...

No Easter relief for Northland farmers

Tuesday, April 22, 2014

The spell of Easter weekend rain hasn't been enough to bring any relief to ...

New chair for Lincoln agricultural hub

Tuesday, April 22, 2014

Another milestone in the development of a national agricultural hub at Linc ...

Westpac's Fortnightly Agri Update

Thursday, April 17, 2014

Read Westpac's April 16th Agri Update HERE. 

Advertisement
Stock Rock 300x100
Advertisement
  • Ita leaves hefty clean-up bill ...

  • No link between saturated fats ...

  • No Easter relief for Northland ...

  • New chair for Lincoln agricult ...

  • New chair for Lincoln agricult ...

  • No Easter relief for Northland ...

  • No link between saturated fats ...

  • Ita leaves hefty clean-up bill ...

  • Daniel Absolom: Win $5000 cred ...

  • Shane Jones: Leaving politics

  • Steve Maharey: Departure of Sh ...

  • Andy Thompson: Lashing from Cy ...

  • Video: Ukraine's Got Talent Po ...

  • VIDEO: Hilarious flight safety ...

  • VIDEO: Infra-red farts

  • VIDEO: The Ashley Sky Ad that ...

Fonterra Botch-up

Can Fonterra afford another botch up?

Vote Now

View Results

Advertisement