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Speaker 1: Jamie McKay hosted the Countries with us. Right now, Hey, Jamie, diet,

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Speaker 1: I hear that red meat prices they finally recovering, are

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Speaker 1: they well, they're coming off the bottom of the cycle,

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Speaker 1: according to Silver Fern Farms Chief executive Dan Bolton. Interestingly,

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Speaker 1: when we crunched the August numbers from the Meat Industry Association,

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Speaker 1: our exports to China, as Trumpy would say, we're down

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Speaker 1: fifty percent to one hundred and seven million. But here's

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Speaker 1: the good news. Maybe short term. The United States was

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Speaker 1: again the largest market for New Zealand red meat in

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Speaker 1: August seven percent year on year increased to one hundred

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Speaker 1: and ninety eight million. What happens next week or after

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Speaker 1: next week, we don't know. So the poor old sheep

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Speaker 1: farmers here that they've had a hell of a time.

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Speaker 1: They're not getting much, or they weren't getting much for

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Speaker 1: their lamb, getting next to nothing for their wall. But

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Speaker 1: lamb is up about a dollar a kilo from this

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Speaker 1: time twelve months ago. We're starting to see some green shoots.

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Speaker 1: I know, you hate that word in China due to

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Speaker 1: the stimulus packages from the Chinese government and Silver Fern Farms,

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Speaker 1: who's half owned by the Chinese, is quite optimistic ahead

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Speaker 1: of the new year, so Bolton. Dan Bolton went on

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Speaker 1: to say, look, China's back in the market. They're being competitive.

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Speaker 1: But here's the interesting thing. He said, the Middle East

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Speaker 1: growth for our red meat was just eye watering, and

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Speaker 1: the United States was absolutely firing on all cylinders, pushing

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Speaker 1: up farm gate price for ball beef. So we literally

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Speaker 1: cannot supply them enough beef at the moment due to

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Speaker 1: the drought they're having over there. So better times ahead

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Speaker 1: for the red meat industry. What about strong Will, Well,

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Speaker 1: it's funny you ask that, Heather. It's been a dog

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Speaker 1: for a number of years, but maybe there's some light

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Speaker 1: at the end of the tunnel for strong Wallet. Today's

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Speaker 1: North Island Napier Sail. The strong Will indicator was up

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Speaker 1: ten cents to its highest point in the past three seasons.

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Speaker 1: Clearance rate lightly lower exchange rate is happening as well,

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Speaker 1: and some of the commentary from PGG Rights and Wall

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Speaker 1: and I has read their report was that some early

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Speaker 1: U sharing is underway and the quality thus far looks

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Speaker 1: to be excellent. So all in all, those two stories

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Speaker 1: add up to a good news story for sheep farmers. Yeah, totally.

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Speaker 1: Hey listen, why isn't it broccoli might cost nine bucks ahead?

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Speaker 1: What's going on there? Yeah, weller, can you imagine that

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Speaker 1: twenty seven dollars a kilo nine dollars ahead. There's a

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Speaker 1: new report out from the New Zealand Institute of Economic

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Speaker 1: Research which is warning fresh vegetable prices could increase, possibly dramatically,

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Speaker 1: if the government doesn't move to provide a clear and

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Speaker 1: workable regulatory pathway for vegetable production. Now I've quoted those numbers,

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Speaker 1: twenty seven dollars a kilo for broccoli, nine dollars ahead.

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Speaker 1: Those are the potential of vegetable production should I say,

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Speaker 1: is cut by twenty percent as a result of proposed

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Speaker 1: regulations aimed at reducing night drogen runoffs. So this report

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Speaker 1: draws on research estimating that a twenty percent reduction and

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Speaker 1: vegetable supply should these regulations come, and could push vegetable

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Speaker 1: prices up by at least twenty percent, possibly one hundred percent.

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Speaker 1: So yeah, we've got to tread warily on that one.

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Speaker 1: On the other problem we've got with vegetables, Heather, is

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Speaker 1: that some of our best vegetable growing land in this

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Speaker 1: country has now growing houses A very good point, Jamie.

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Speaker 1: Thanks very much, mate, Jamie McKay, host of the Country.

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Speaker 1: For more from Heather Duplessy Allen Drive, listen live to

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