Podcasts Other The Mike Hosking Breakfast Susan Kilsby: ANZ agricultural economist on the decline in New Zealand's red meat exports

Susan Kilsby: ANZ agricultural economist on the decline in New Zealand's red meat exports

Published: Nov. 1, 2023, 6:29 p.m.

Concerns rise as New Zealand's red meat exports take a sharp decline.\xa0

The Meat Industry Association reports exports dropped to $617 million in the 12 months to September; a near 20% annual decrease.\xa0

It says the global market is softening, but the numbers look worse than they are because last year's meat prices were at record highs. \xa0

ANZ agricultural economist, Susan Kilsby told Mike Hosking that there's been a big drop in demand from our biggest market, China.\xa0

She says Chinese consumers are saving \u2014not spending\u2014 as financial confidence remains low amidst the country's current challenges.\xa0

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