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Australian Beef Export Values Surge

30 December 2013
Meat & Livestock Australia

AUSTRALIA - During October, Australian beef and veal export values reached A$546 million, up 17 per cent year-on-year and 26 per cent above the five-year average – to be the second largest monthly figure on record, after October 2008, at A$547 million according to figures from the Australian Bureau of Statistics.

Meat and Livestock Australia said that the value of beef exports to Japan continued to decline in October, at A$109 million, down 16 per cent on year-ago levels, and totalling A$1.2 billion for the first 10 months, to be back six per cent from the corresponding period in 2012.

On the other hand, US shipments during October were valued at A$108 million, underpinned by strong 90CL prices to Australia’s second largest beef export market.

Similarly, the value of beef exports to Korea for October improved marginally by two per cent year-on-year, although increased significantly on the five-year average, up 23 per cent.

This assisted the January-to-October figure to A$607 million, to be 21 per cent greater than the corresponding period last year.

MLA said the developing export markets continued to emerge in October, with China (A$75 million) up 142 per cent on the previous year, while Indonesia (A$22 million) and the Middle East (A$28 million) were 98 per cent and 65 per cent higher, respectively, over the same period.

TheCattleSite News Desk

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