Latest / Best of Business / Kate Acland: Beef and Lamb Chair comments on red meat driving increase in exports

Transcript

Kate Acland: Beef and Lamb Chair comments on red meat driving increase in exports · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk st B.
• 0:12
  Speaker 1: Follow this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Now, our export is bringing in the big bucks. Export
• 0:19
  Speaker 2: value has totaled eight point nine billion dollars for the
• 0:22
  Speaker 2: month of May. That's up one point four billion on
• 0:24
  Speaker 2: last year. Meat was the biggest driver, up forty three
• 0:27
  Speaker 2: percent year on year. Kate Acklan as Beef and Lamb's
• 0:31
  Speaker 2: New Zealand's chair and she's with us Hi, Kate hi her,
• 0:35
  Speaker 2: how can we explain it going up forty three percent?
• 0:39
  Speaker 1: Oh?
• 0:39
  Speaker 3: Look, there's a combination effectors. So we've seen really strong
• 0:42
  Speaker 3: demand across all of our key markets and you know,
• 0:45
  Speaker 3: record low supply. The US heard, for example, is at
• 0:49
  Speaker 3: its lowest level since nineteen fifty. So a combination of
• 0:52
  Speaker 3: that high demand, low supply, and I think you know,
• 0:56
  Speaker 3: have to say it is supported by a low key
• 0:57
  Speaker 3: wee dollar at the moment.
• 0:58
  Speaker 2: Yeah, that will be helping the other. Do you think
• 1:02
  Speaker 2: part of it also is the WAGOVI.
• 1:05
  Speaker 3: Oh absolutely. I was in the States a month ago
• 1:07
  Speaker 3: and it was all about the GLP ones over there,
• 1:10
  Speaker 3: So you know that is driving a real demand for safe,
• 1:14
  Speaker 3: high quality protein. That New Zealand's really well placed to meat.
• 1:17
  Speaker 2: Can we strip out how much of this is actually
• 1:19
  Speaker 2: because of the Wigovi stuff?
• 1:22
  Speaker 3: Oh look, we can't, but we know that about estimates
• 1:25
  Speaker 3: of sort of fifteen to twenty percent of Americans are
• 1:28
  Speaker 3: on those drugs at any one time, and they really
• 1:30
  Speaker 3: need the protein. So it's great for our dairy and
• 1:33
  Speaker 3: it's great for our red meat.
• 1:34
  Speaker 2: Yeah, okay, and the farmers just fizzing over this.
• 1:38
  Speaker 3: Oh look, farmers are great. You know, I was at
• 1:40
  Speaker 3: field Days last week. Absolute energy. But you know this
• 1:44
  Speaker 3: is great for all of New Zealand because farmers love
• 1:46
  Speaker 3: spending money on their farms. And so what we'll see
• 1:48
  Speaker 3: is when farm balance sheets are strong, then that will
• 1:51
  Speaker 3: start flying into regional economies. And you know, we're seeing
• 1:54
  Speaker 3: it already.
• 1:55
  Speaker 2: And now what so at the moment, the US is
• 1:57
  Speaker 2: the biggest uptech for US, But then China's also rebounded
• 2:00
  Speaker 2: quite well. What's going on there China?
• 2:03
  Speaker 3: Obviously post COVID, the economic conditions over there weren't strong.
• 2:07
  Speaker 3: But what we have seen is, you know that China's
• 2:10
  Speaker 3: bouncing back and with a bit of uncertainty in the US,
• 2:13
  Speaker 3: our exporters have gone looked at China and thought. You know,
• 2:17
  Speaker 3: there's some high value market opportunities there too, and New
• 2:20
  Speaker 3: Zealand's in a really good position. We have great market
• 2:23
  Speaker 3: access across a range of markets, so we can pick
• 2:26
  Speaker 3: and choose the best best markets for the best products.
• 2:29
  Speaker 3: So you know, China is also turning into a high
• 2:32
  Speaker 3: value market for us.
• 2:33
  Speaker 2: And good stuff. Kate, it's good to talk to you mate.
• 2:34
  Speaker 2: Thank you, Kate, Aklan Beef and LAMB New Zealand.
• 2:36
  Speaker 1: Share for more from News Talks at B. Listen live
• 2:40
  Speaker 1: on air or online, and keep our shows with you
• 2:42
  Speaker 1: wherever you go with our podcasts on iHeartRadio.