New Zealand sheep meat and beef producers are likely to see sustained demand from China for those proteins, an analyst says. A second wave of a serious pig disease in China is expected to slow the country's efforts to rebuild its national herd and help sustain demand for New Zealand red meat. Gidley-Baird said this was positive news for New Zealand sheep meat and beef producers because it would probably mean sustained demand from China for those proteins for a little bit longer yet. Even when China's pork production did get back on track in the coming years, not all would be lost for sheep and beef farmers, he said. "As a result we think there's going to be a greater ongoing demand for that product," Gidley-Baird said.

Source: New Zealand Herald March 09, 2021 23:10 UTC