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flag Anzco Foods, New Zealand's main red meat exporter, reports a significant drop in net profit to $8.4 million in 2024.

flag New Zealand's main red meat exporter, Anzco Foods, saw its net profit drop to $8.4 million in 2024 from $44.4 million the previous year due to tight margins and lower market returns. flag Despite these challenges, CEO Peter Conley remains optimistic about the future, citing improved global demand for beef and lamb, especially in North America and the UK. flag Anzco, which has $1.85 billion in annual turnover and nearly 3,000 employees, faced particular difficulties in the Chinese market.

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