Beef Exports to South Asia Decline in July
AUSTRALIA - Australian beef and veal exports to South East Asia and Greater China declined two per cent year-on-year in July, to 13,552 tonnes swt. An increasingly high A$ and stagnate demand during July challenged Australian exporters during the month, although for the seven months to July, exports to the region were two per cent higher than the corresponding period last year, at 76,395 tonnes swt.
13 August 2012
1 minute read
Strong demand from Taiwan underpinned a 22 per cent year-on-year increase in exports during July, reaching 3,587 tonnes swt, while shipments to Philippines surged 45 per cent over the same period, to 2,441 tonnes swt – the highest monthly total since February 2011. However, restricted supply into Indonesia resulted in a 49 per cent year-on-year decline in shipments, which totalled 3,174 tonnes swt in July.
One of the features for July was a monthly record volume to China, at 1,065 tonnes swt – 184 per cent above the corresponding month in 2011 and surpassing the previous monthly record (1,056 tonnes swt) set in October 2011. Exports to Singapore (1,469 tonnes swt) and Malaysia (1,179 tonnes swt) also increased during the same period, rising 96 per cent and nine per cent year-on-year, respectively. Manufacturing shipments accounted for 38% of total exports, at 5,101 tonnes swt.
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