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Source: ONE News -
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New Zealand beef exports remain steady in Korea despite competition from the United States.
Chairman of New Zealand Meat and Wool Mike Petersen says New Zealand's market share of around 19% is being maintained, despite the re-entry of the United States into the market in 2007.
Australia's beef exports, on the other hand, have shown decline.
He says there is a high demand for New Zealand beef and lamb which is vital for farmers in the current economic climate.
Beef exports are worth around $230 million to New Zealand's economy each year.
Peterson's comments follow a report released by the Ministry of Agriculture and Forestry this week - Meat: The Future.
In the report, agriculture officials said poor performance by people in the meat industry may be to blame for the low profitability of sheep and beef farming, compounded by drought, fluctuating commodity prices and a high exchange rate.
