New Zealand's red meat industry is booming, yet there are fears export growth may slow following a busy month.

Export values have risen, with beef up 25 percent from the previous year, and sheepmeat up 15 percent.

However, external factors are slowing growth as inflationary challenges present themselves - a drop in value of the Japanese Yen has meant beef exports are down 23 percent.

Meat Industry Association Chief Executive Sirma Karapeeva told Mike Hosking the industry remains positive.

She says New Zealand's in a sweet spot, due to strong demand and limited supply.

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