This episode featured as part of the Agribusiness segment in partnership with BNZ.

Global Agri Trends’ Simon Quilty says New Zealand beef and lamb prices will keep rising as global supply tightens.

“There is not enough meat in the world to meet everyone’s needs,” he says.

He says lamb sits at about $11.50 today, and he expects it to reach $12.50 in August.

Australia and Brazil are about to hit safeguard duties of 55% and 67%, and shipments into China will stop.

“New Zealand effectively almost has the market to itself.”

He says weight-loss drugs are lifting protein demand in the United States.

This episode featured as part of the Agribusiness segment in partnership with BNZ.

This podcast is solely for information purposes. It’s not financial or other professional advice. No party, including BNZ, is liable for direct or indirect loss or damage resulting from the content of this podcast.

CountryWide CONNECT with Andy Thompson & Sarah Perriam-Lampp is our daily rural show livestreamed from 11am-1pm. Visit country-wide.co.nz on how to watch/listen or download the CountryWide CONNECT mobile app, available on Apple iOS and Android.