Seasonal Demand Boosts Australian Beef Exports to Korea11 September 2013
SOUTH KOREA - Higher seasonal demand for beef in South Korea helped Australian beef exports during August.
Exports to Korea reached 12,563 tonnes, rising 13 per cent year-on-year and 19 per cent on the five-year average according to figures from the Department of Agriculture, Fisheries and Forestry.
The solid monthly volume was assisted by larger chilled beef shipments, at 3,163 tonnes – up eight per cent year-on-year and 10 per cent on the previous month.
Chilled beef exports to Korea exceeded 3,000 tonnes for the first time since December 2012, largely attributed to increased demand from Korean retailers in preparation for Chuseok, according to Meat and Livestock Australia.
Of the chilled product, chuck roll and blade were the cuts in the highest demand, at 682 tonnes, up 25 per cent year-on-year, and 495 tonnes swt, up 33 per cent.
With a significant 54 per cent year-on-year decrease in chilled short rib exports in August, at 222 tonnes, chilled ribs as an alternate cut to short ribs were up 82 per cent, to 240 tonnes.
While Korea demanded greater volumes of a few popular cuts during August, such as chuck roll, up 62 per cent year-on-year, at 3,854 tonnes, and brisket up 58 per cent year-on-year, at 1,314 tonnes, blade and manufacturing beef contracted 14 per cent, at 1,596 tonnes and nine per cent, at 1,339 tonnes, respectively, due to competition with China and the US.
Supported by increased beef offal exports to Korea during August, at 2,026 tonnes, up 20 per cent year-on-year, Australian offal shipments (to Korea) maintained the record pace seen during 2013, with total volumes for the first eight months reaching 14,949 tonnes , up seven per cent on the corresponding period last year.
The August volume was assisted by a higher demand for intestines, at 555 tonnes, up 86 per cent year-on-year and skirt, at 355 tonnes up 79 per cent.
TheMeatSite News Desk