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- (-) Pork & Pork Products
- (-) March 2023
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Since hitting peak numbers in 2016, the New Zealand national cattle herd has been very gradually declining and this is expected to continue in 2023.
Cattle stocks decline in 2023 as farmers thin dairy herds to counter surplus production capacity. The resulting increase in domestic beef production will lower demand for imports in 2023.
The Australian cattle industry is expected to continue its strong herd rebuild in 2023 and Australian beef supply is expected to recover after falling to the lowest level in twenty-five years in 2021 and in 2022.
The People’s Republic of China (PRC) decision to end its zero-COVID policy restrictions is expected to improve demand for both pork and beef products in 2023.