Korean Beef Imports up in January05 March 2013
SOUTH KOREA - Korea imported 31,041 tonnes swt of beef during January, an increase of 40 per cnet year-on-year and just 12 per cent below the record January total set in 2003 (35,140 tonnes swt) according to figures from the Korea International Trade Association.
Meat and Livestock Australia said that the majority of beef imported for the month was frozen product (26,889 tonnes swt), making up 87 per cent of total shipments, up from 83 per cent in the corresponding period in 2012.
Assisted by higher production and steady supplies from Australia, beef imports from Australia during January lifted 43 per cent year-on-year, to 14,986 tonnes swt – the highest monthly volume since January 2008 (17,928 tonnes swt).
Similarly, imports of US beef also increased 43 per cent for January, at 12,794 tonnes swt, partly assisted by a sluggish December.
The beef cut in the highest demand during January remained short ribs, totalling 10,785 tonnes swt (up 19 per cent year-on-year), of which the US supplied 64 per cent, or 6,881 tonnes swt according to the Animal Plant and Fisheries Quarantine and Inspection Agency.
The top two Australian cuts for the month were short ribs and chuck roll, increasing six per cent year-on-year (2,489 tonnes swt) and 13 per cent (2,439 tonnes swt), respectively.
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