Prices for New Zealand beef and sheep meat are expected to soften in 2023

Prices for New Zealand beef and sheep meat are expected to soften further in 2023 as markets tighten their spending.

New Zealand's sheep and beef sector was also facing sustainability-related pressures include land-use change from grazing to forestry and the pricing of GHG emissions from agriculture. While these changes have not yet had a significant negative impact on livestock numbers, Rabobank forecasts afforestation will drive a decline in breeding ewe and beef cow numbers of 1 percent in 2023

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