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flag New Zealand beef mince prices rose 18% annually, surpassing lamb, due to high global demand and export reliance.

flag 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. flag With 80% of New Zealand’s beef exported, domestic retailers face higher competition, pushing prices up. flag Analysts predict the trend may last years, prompting consumers to switch to cheaper proteins or stretch mince with vegetables. flag Businesses like McDonald’s New Zealand, which relies on local beef, also face rising costs.

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