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New Zealand beef mince prices rose 18% annually, surpassing lamb, due to high global demand and export reliance.
Beef mince in New Zealand has surged 18% in price over the past year, now averaging $23.17 per kilogram—more than lamb chops—due to strong global demand, especially from the U.S., where cattle herds are rebuilding and importing lean trim.
With 80% of New Zealand’s beef exported, domestic retailers face higher competition, pushing prices up.
Analysts predict the trend may last years, prompting consumers to switch to cheaper proteins or stretch mince with vegetables.
Businesses like McDonald’s New Zealand, which relies on local beef, also face rising costs.
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Los precios de la carne picada de vacuno de Nueva Zelanda aumentaron un 18% anual, superando al cordero, debido a la alta demanda mundial y la dependencia de las exportaciones.