Cattle industry worth N$4.6 billion
Cattle industry worth N$4.6 billion

Nam’s cattle industry worth N$4.6bn

Exports beef to SA, EU, Norway
The report encouraged the domestic production of bush-based animal feed and fodder, specifically through green schemes.
Ellanie Smit
Namibia’s cattle industry is valued at approximately N$4.6 billion and accounts for 4.3% of all goods and services produced by the country every year.

The World Bank group and the International Finance Corporation - in a recent private sector diagnostic report - said Namibia is a net exporter of beef, and approximately 85% of the exported meat (N$2.6 billion) goes to South Africa, the European Union, Norway, Russia, China and Angola, with the rest exported to other African and emerging market countries.

In 2017, Namibia was the world’s 26th largest exporter of bovine meat, up from 38th position in 2016.

According to the report, there are opportunities to increase the value addition in the beef sector.

“Farmers have to decide between producing weaners for live sale at the age of seven months versus fattening the ox to a 27-month age for sale to Meatco or abattoirs.”

It added that given the historic price ratio, once the weaner price is above 60% of the ox carcass weight price, it is typically more profitable to produce for the weaner market, including for export to South Africa.

“Because South Africa has richer pasture and feed resources than Namibia, where rangeland productivity is low and imported feed costs are high, South Africa can offer prices that make exports to that destination more attractive than selling animals to Meatco.”

Policy reforms

The report noted that policy reforms for the livestock value chain need to address production constraints, maintain export quality, promote investments in product diversification and local value addition and strengthen resilience to climate change.

There are several reforms needed to enhance the global competitiveness of the livestock value chain and support inclusive and green growth of the industry, it said.

These include addressing the non-tariff and logistics barriers that hinder access to competitively priced inputs, leveraging trade agreements in the African Continental Free Trade Area to develop strategies for market diversification into other African and Middle Eastern markets and establishing strategic partnerships with Botswana.

It also said establishing measures to increase domestic production of bush-based animal feed and fodder is important - specifically through green schemes. This in addition to effectively implementing industry recommendations under the nationally determined contributions for climate-smart livestock practices such as improved feed management, animal health and rangeland management as well as the use of drought-tolerant breeds to reduce the industry's carbon footprint.

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Namibian Sun 2024-05-12

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Premier League: Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna | Frosinone 0 vs 5 Inter Milan Katima Mulilo: 15° | 33° Rundu: 15° | 32° Eenhana: 14° | 34° Oshakati: 16° | 32° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 13° | 29° Omaruru: 16° | 31° Windhoek: 14° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:02, High tide: 06:03, Low Tide: 00:33, High tide: 18:39 Swakopmund: 15° | 16° Wind speed: 23km/h, Wind direction: SW, Low tide: 12:00, High tide: 06:01, Low Tide: 00:31, High tide: 18:37 Walvis Bay: 15° | 23° Wind speed: 31km/h, Wind direction: S, Low tide: 12:00, High tide: 06:00, Low Tide: 00:31, High tide: 18:36 Rehoboth: 15° | 29° Mariental: 20° | 31° Keetmanshoop: 19° | 31° Aranos: 17° | 30° Lüderitz: 12° | 28° Ariamsvlei: 18° | 33° Oranjemund: 10° | 23° Luanda: 25° | 27° Gaborone: 15° | 27° Lubumbashi: 15° | 29° Mbabane: 14° | 19° Maseru: 8° | 23° Antananarivo: 12° | 25° Lilongwe: 16° | 27° Maputo: 19° | 26° Windhoek: 14° | 27° Cape Town: 13° | 22° Durban: 18° | 22° Johannesburg: 14° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 28° Harare: 14° | 27° Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05% Sport results: Premier League: Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna | Frosinone 0 vs 5 Inter Milan Weather: Katima Mulilo: 15° | 33° Rundu: 15° | 32° Eenhana: 14° | 34° Oshakati: 16° | 32° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 13° | 29° Omaruru: 16° | 31° Windhoek: 14° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:02, High tide: 06:03, Low Tide: 00:33, High tide: 18:39 Swakopmund: 15° | 16° Wind speed: 23km/h, Wind direction: SW, Low tide: 12:00, High tide: 06:01, Low Tide: 00:31, High tide: 18:37 Walvis Bay: 15° | 23° Wind speed: 31km/h, Wind direction: S, Low tide: 12:00, High tide: 06:00, Low Tide: 00:31, High tide: 18:36 Rehoboth: 15° | 29° Mariental: 20° | 31° Keetmanshoop: 19° | 31° Aranos: 17° | 30° Lüderitz: 12° | 28° Ariamsvlei: 18° | 33° Oranjemund: 10° | 23° Luanda: 25° | 27° Gaborone: 15° | 27° Lubumbashi: 15° | 29° Mbabane: 14° | 19° Maseru: 8° | 23° Antananarivo: 12° | 25° Lilongwe: 16° | 27° Maputo: 19° | 26° Windhoek: 14° | 27° Cape Town: 13° | 22° Durban: 18° | 22° Johannesburg: 14° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 28° Harare: 14° | 27° Economic Indicators: Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%