Global Focus - New Zealand sheep meat
New Zealand's sheep industry has returned to prominence in recent years on the back of strong export returns and the realisation of benefits from productivity improvements. However, despite a dominant global market position and an enviable reputation, the sheep meat industry cannot rest on its laurels. The challenges of a high New Zealand dollar, increasing costs of production and the easing of international prices from record high levels, have combined to create uncertainty over industry returns in early 2006.
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