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Post forecasts that chicken meat production will increase by two percent in 2023 as a result of economic recovery, normalization of feed costs, and increased investment by the industry due to anticipated high revenue from market year 2022.

The Covid-19 pandemic had a major effect on the Hotel, Restaurant, Institutional (HRI) sector in New Zealand. This is especially true of the tourism and hospitality sectors which have been severely hit by the closed international borders.

New Zealand is expected to have already reached “peak” cattle numbers, and FAS/Wellington anticipates a very gradual decline in both dairy and beef cow numbers in the near future. One of the major influences on this is New Zealand governmental policy, and in particular regulations regarding livestock exclusion around certain water sources, as well as proposed pricing of agricultural emissions.