Sheep
Sheep

Sheep industry shows growth

Ellanie Smit
November witnessed the growth of live sheep exports by 11.21% from the 38 699 heads exported in October.

This is 50.56% more than what was recorded a year ago, according to the Meat Board of Namibia’s Market Watch for November.

It said slaughter at export abattoirs also experienced growth, with 6.13% more sheep slaughtered compared to the previous month and 62.79% more than last year.

“A2 prices increased by 3.08% on a month-to-month basis from the October price level of N$74.82 per kilogram, but remained 6.93% lower than they were a year ago.”

The Meat Board said C2 prices, on the other hand, experienced muted monthly decline of 0.66%. Prices are, meanwhile, 15.23% lower than they were a year ago.

Export destinations

According to the Meat Board, 99% of exports went to South Africa, of which 71.66% went for slaughter purposes and 27.74% went to feedlots.

The remaining 1% of live exports went to Botswana for farming and breeding purposes.

Live sheep exports to feedlots increased by 12.32% compared to the previous month, while export to South African abattoirs declined by 11.89%.

The report said Namibia exported 13 238kg of sheep carcasses to South Africa (98%) and Botswana (2%), while it imported 29 570kg of sheep products from China (60%), Australia (14%) and New Zealand (26%). The top product imported was sheep casings at 29 315kg.

Furthermore, goat live exports experienced a monthly decline of 11.18% from the 13 945 heads exported in October. This is 10.61% lower than it was a year ago.

The Meat Board said 98% of all goats were exported to South Africa, where the majority went to feedlots (87.56%). The remaining 2% of live exports were split between other SADC countries, with 1% going to Zimbabwe, 0.3% to Botswana, 0.2% to Zambia and 0.1% to Angola.

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Namibian Sun 2024-05-12

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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%