Not extra $10m

Press, Volume CXII, Issue 32885, 7 April 1972, Page 14

Not extra $10m

The increased beef quota New Zealand had been allowed in the United States did not mean that this country would earn an extra slom in income overseas, as had been claimed in a statement made at the time of the quota announcement, Mr P. T. Norman, the general manager of Borthwicks in New Zealand, said in Christchurch recently. The quota had been increased from 104,000 tons last year to about 109,000 tons but this did not in fact mean that New Zealand would get any more beef into the United States than last year as New Zealand had been allowed an extra 9000 tons then, which had only been filled by obtaining beef that would

normally have come in later on. Mr Norman said he felt that the author of the statement about the extra slom had been mistaken in the sense that all beef would be sold in any case, and while it might be said, with a certain amount of truth, that the United States market was the best market for beef, at the present time hindquarter round cuts were actually making more in the United Kingdom than in die United States and Canada. A good thing about the increase in the quota, however, was the market that it provided for manufacturing type beef—cull dairy cattle, bulls and all forequarter beef except for the cube roll out of prime cattle. There had been concern that the production of this sort of beef could exceed that which could go into the United States, and for this beef the difference in price between the United States market and the rest of the world was quite large. . ... Mr Norman also said that his company was now taking over all lambs that it was killing at its works in New Zealand.