The red meat sector in New Zealand is closely monitoring the potential impact of the upcoming second term of Donald Trump’s presidency in the US, particularly in relation to trade tariffs. Beef + Lamb New Zealand is supporting the government’s ‘wait and see’ approach, with a focus on maintaining strong industry connections and partnerships in the US market. With key exports to the US, such as lean beef cuts for ground beef, the sector is prepared to adapt to meet demand and work closely with officials to navigate any potential changes in trade policy.
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On the rise: Inflation up 2.5% in first quarter
The Consumers Price Index inflation rate increased 2.5% in the 12 months to March 2025, according to Stats NZ. This rise follows a 2.2% annual increase in December 2024 and slightly exceeds economists' forecasts, with a 0.9% increase in the first quarter of 2025. The annual inflation rate remains within the Reserve Bank of New Zealand’s target band of 1 to 3% for the third consecutive quarter, a significant change from the period between June...
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