Meatco gets entire Norway quota

business 2 septThe Meat Board of Namibia has finally reallocated the remaining 400 metric tonnes (mt) of the 1600 mt Norwegian beef quota to Meatco.
This comes as Industrialisation, Trade and SME Development Minister, Immanuel Ngatjizeko, whose ministry is responsible for approving the allocation on recommendation from the Meat Board recently revealed that an announcement will be made this week on the lucrative export quota.
The development means Meatco will now export the entire 1600 metric tonnes on offer to the Scandinavian country.
The reallocation, which has taken two months, comes after Brukkaros Meat Processors and Witvlei Meats, who had initially been allocated 225 mt and 175 mt, respectively, failed to utilise their quotas before the 30 June deadline.
“The Meat Board of Namibia has re-allocated the remaining un-used Norway quote to Meatco. Meatco welcomes this re-allocation of the Norway quota as it is best positioned to extract the maximum benefit for Namibia and its livestock producers,” Meatco’s Corporate Affairs Manager, Rosa Hamukuaja-Thobias, told the Windhoek Observer.
The meat producer, which had already utilised 56 percent of the 1200 mt allocated as of end of June 2016, now has until the end of the year to export the entire 1600 mt on offer under the export agreement.
“The quota allocation is timely, as we are racing against time to produce and ship the product before 24 October in order to utilise the 2016 quota before end of December.
“Meatco would like to reassure government, the Meat Board and all our stakeholders that we will fully utilise the available quota allocated to Namibia in 2016.
“Meatco is fully aware of the potential implications if Namibia is not able to fully the utilise the quota, as it places government under difficult conditions to request a quota expansion in future, if we cannot fill the current small quota of 1600 mt,” Hamukuaja-Thobias said.
The awarding of the remaining quota to Meatco is expected to provide a boost to farmers, who are currently battling a drought, which has negatively impacted on their cattle heads.
“This additional quota will go a long way in assisting Meatco, in this drought year to support the producer prices. We are indebted to the Ministry of Industrialization, Trade and SME Development and the Meat Board of Namibia for granting Meatco and its producers this much needed Norway quota,” Hamukuaja-Thobias said.
Besides the boost from increased volumes to Norway, Meatco is also set to make rich pickings from its recently secured new export markets in the United States and China.
Namibia’s beef industry, which has been negatively impacted by the drought and recently the stringent meat import regulations introduced by South Africa, is worth in excess of N$ 2.4 billion annually according to the Meat Board.
This value is set to increase further given the green light to begin exports to China, Hong Kong and the United States.