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Australia Ships Half of Korea’s Imported Beef in July

26 August 2013
Meat & Livestock Australia

KOREA - Korean beef imports during July totalled 20,666 tonnes– down four per cent on July last year but two per cent higher than the five-year average, on a customs cleared basis, according to the Korean International Trade Association.

Meat and Livestock Australia said the decrease in the monthly volume was largely due to a 12 per cent year-on-year fall in chilled beef imports, at 2,994 tonnes, with the volume of frozen beef contracting by two per cent, to 17,672 tonnes.

Impacted by an increased intake of US chilled beef during July, up 69 per cent year-on-year, 615 tonnes, Korea took less Australian chilled beef, at 2,378 tonnes, down 22 per cent year-on-year.

However, the increased frozen beef imports from Australia, up 12 per cent year-on-year, 8,930 tonnes, assisted total monthly volume to expand by three per cent, to 11,309 tonnes.

Australia has maintained its market share at over 50 per cent since February this year, with the July market share rising to 55 per cent - up from 51 per cent in July last year.

In contrast, imports of US beef during July were down 11 per cent, to 6,983 tonnes, with the volumes of frozen beef falling 15 per cent year-on-year, at 6,368 tonnes.

Similar to the US, Korean beef imports from NZ decreased 7 per cent year-on-year, to 2,113 tonnes.

While short ribs accounted for 39 per cent of total Korea’s beef imports during July, total volumes showed a 23 per cent year-on-year fall, at 8,171 tonnes, primarily due to decreased supplies from the US (on a quarantine cleared basis, Quarantine and Inspection Agency).

In July, Korea secured more US short ribs than June, at 3,672 tonnes, up five per cent, but the monthly volume was 35 per cent lower than July last year.

Interestingly, US chilled short ribs during July lifted 99 per cent year-on-year, to 351 tonnes, the highest July volume since 2003, while the volume of frozen short ribs fell significantly year-on-year, to 3,321 tonnes, down 39 per cent year-on-year.

Imports of Australian short ribs during July remained at the same level as July last year, totalling 2,699 tonnes.

Australian frozen short ribs increased three per cent year-on-year, at 1,966 tonnes, with chilled short ribs contracting eight per cent, at 733 tonnes.

Australia supplied 33 per cent of total short ribs during July, compared to 25 per cent in July 2012, whereas the share of US short ribs imports was down to 45 per cent from 53 per cent.

TheMeatSite News Desk

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