Export beef support
N Z ? A Wellington The Meat Board has announced that further drawings from the meat income stabilisation account are required to maintain levels set for the 1979-80 season by the Meat Export Prices Committee. , However, as a result of the generally firmer tone of the international beef market, particularly in the United States. retrospective supplementary payments in respect oi cattle slaughterings during . the ..week ended June 14 would be confined to M
grade stock only. The board estimated that total withdrawals from the meat income stabilisation account since the scheme started on Aoril 14 would exceed $9.7 million. A board spokesman noted that recent sales of New Zealand boneless cow beef on the United States market averaged U.S. 123.5 cents per lb ai.f. and that a continuation of market realisation at this level should resul in a substantial reduction in the level of support required in the coming weeks. . '
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Press, 13 August 1980, Page 21
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152Export beef support Press, 13 August 1980, Page 21
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