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Covid blamed for hit taken by the meat industry

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 7:43am
Photo / Getty Images
Photo / Getty Images

Covid blamed for hit taken by the meat industry

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 7:43am

The ripple effect of Covid era policy choices are being highlighted as the country's meat industry takes a hit.

Silver Fern Farms is reporting a $24 million plus loss for the 2023 financial year compared to it's $189 million profit the previous year.

Meat Industry Association Head of Strategy Jason Krupp told Mike Hosking that it's very much an industry issue.

He says we're seeing the effects of policy choices in Covid play out in our international markets, hitting us on prices.

Krupp says other impacts include high domestic inflation and a weak Chinese market.

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