New Zealand downsizes export forecasts

By Carina Perkins

- Last updated on GMT

Related tags Lamb new zealand Domestic sheep Lamb Livestock

New Zealand has revised its export lamb slaughter predictions for 2012, after the latest statistics revealed that the country’s lamb slaughter has declined further than expected.

Levy body Beef + Lamb New Zealand’s (B+LNZ’s) Mid-Season Update revealed that sheep numbers were down 4.3%, which is more than double the expected decrease (2.1%). The body has now revised its export slaughter to 19.7m, which is down 4.1% from earlier estimates. The reduction means that export receipts are expected to be similar to last year’s level at NZ$6.6bn.
B+LNZ economic service director Rob Davison said: “The global lamb supplies continues to remain tight overall.”​ He added that mutton supplies are also tight, with New Zealand supplies estimated to fall 30% (-31,800 tonnes) as a result of last year’s high mutton off-take, due to high prices. This will be offset slightly by Australia, which is expected to ship 4% more mutton than last year (+3,300 tonnes).

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