New Zealand

New Zealand sheepmeat and beef exports in 2019-20 are both forecast to break NZ$4bn for the first time - driven by Chinese demand. Beef and veal exports are expected to be up 5.9% to NZ$4.17bn and sheepmeat up by 4.9% to NZ$4.23bn.

America

Rabobank says that US tariffs on EU dairy products will have a big effect, as 107,000t of EU dairy products could be subject to the additional 25% tariffs on 18 October. Cheese represents 55% of US imports of European cheeses.

US retail sales of plant-based foods have grown 11% over the past 12 months, according to new research from the Good Food Institute. It found that the market is now worth $4.5bn and is growing at a much faster rate than the total retail food market.

China

Consumer spending on fast-moving consumer goods in China grew 6.4% in value, thanks to increased frequency and basket value. Online shopping continued to outstrip total food growth.