29 Jul 2014

Chinese demand reshaping markets

8:54 am on 29 July 2014

Questions have been asked recently as to whether New Zealand is too reliant on China in terms of trade.

But as the Red Meat Sector Conference in Wellington heard on Monday, New Zealand is not alone.

Rabobank's global head of agri-commodities, Luke Chandler, told those at the conference that China's growing demand is reshaping most traditional protein markets - not just for dairy and red meat.

"Seventy percent of demand growth for proteins is likely to come from Asia over the next five to 10 years.

"Most of that demand growth is likely to come from China, with pork and poultry very much in the lead there and the red meats more marginal, but certainly part of that demand growth story."