NZ agricultural exports resilient despite US tariffs, says economist

Meat prices were expected to see further increases, given favourable supply and demand, though prices will be little changed from long-term averages on an inflation-adjusted basis. He said the 10% tariff on New Zealand beef exports to the US was likely to be manageable, especially given the limited ability of US purchasers to substitute the type of beef that NZ exports. “That said, with extra supply coming out of Australia and the UK over the next couple of months, price gains are likely to moderate,” he said.