New Zealand: Livestock and Products Semi-Annual
After the big surge in MY2015 when New Zealand beef production topped 690,000 MT, the highest since 2004, beef production is forecast to reduce to 659,000MT in MY2016. Accordingly exports in MY2016 will be reduced from a record 639,000MT in MY2015 to a forecast 584,000MT. The drivers behind these numbers are diverse but significant among them is an ailing dairy sector reducing cow and heifer numbers.
