Beef & Veal Export Values Higher In August

AUSTRALIA - The total value of beef and veal exports increased three per cent year-on-year in August, to $399 million, reports Meat and Livestock Australia (MLA).
calendar icon 20 October 2011
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Meat & Livestock Australia

MLA states that the jump in returns was despite the strong A$ (averaging 17 per cent higher against the US$ and five per cent above the Yen) and export volumes remaining stable in August.

For the second consecutive month, export returns declined from both Japan and the US. Values to Japan ($138 million) and the US ($57 million) fell 14 per cent and 11 per cent year-on-year, respectively.

MLA reports that, in line with strong export volumes in August, most markets outside the big two recorded improvements in returns. Korea ($66 million) and Russia ($23 million) registered significant year-on-year rises, moving 19 per cent and 51 per cent higher, respectively.

Export values for Taiwan ($19 million) and the Middle East ($13 million) surged 83 per cent and 23 per cent year-on-year, respectively, although returns from Indonesia ($16 million) fell 22 per cent on last year.

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