International pricing differential are causing a negative effect on NZ’s sheep meat returns

International pricing differential are causing a negative effect on NZ’s sheep meat returns. The key reason is the pricing differential, with Australian product trading at a discount to NZ’s. The NZ average export value (AEV) for mutton came in at $6.11/kg in October. This was a rise from September but still well behind the five-year average of $7.55/kg. Australia’s AEV in September came in at NZ$5.67/kg, a drop from $8.67/kg year on year.  Read more here