Meatco gets 87% of Norway beef quota
13 February 2020 | Agriculture
A quota of 1 400 tonnes has been awarded to Meatco for the export of beef to the Norwegian market for 2020. The remaining 200 tonnes were allocated to Brukkaros Meat Processors.
“This is a big achievement for the corporation that continues to strive, albeit in a tumultuous economic downturn coupled by recurring drought conditions,” Meatco said.
According to Meatco, Norway offers Namibia a remarkably lucrative market and the company expressed hope that many farmers would benefit from it.
“The sharing and allocation of the Norway beef quota of 1 600 tonnes is done in accordance with the Cabinet directive for the export of beef to Norway as well as the Meat Board's Norway beef quota standard operating procedures.”
According to Meatco's marketing and sales executive Isaack Nathinge, the Norway quota allocation comes at a crucial time when the company needs to maximise revenue from every kilogram exported.
“The annual Norway quota generates significant foreign currency for the meat industry in Namibia, thus delivering less than the 1 600 tonnes is not an option.
“It remains critical to the success of Meatco to provide the producer with access to lucrative markets to maximise the returns,” said Nathinge.
Exports to Norway constitute more than 20% of Meatco's turnover.
“It is, therefore, evident that Norway is a significant market for the Namibian meat industry,” the company said. According to Meatco, the company continues to serve niche markets and its Nature's Reserve product range yields maximum returns for producers.
In 2019, Meatco was allocated the entire 1 600-tonne quota by the Meat Board.
The Norway quota, awarded annually to eligible companies, is part of 3 700 tonnes of quota-free beef imports to SACU countries, mainly Botswana and Namibia.
“Namibia and Botswana got 1 600 tonnes each from the SACU allocation, while Eswatini received 500 tonnes,” said Meatco.