Malaysians Buying More Beef08 November 2013
MALAYSIA – Beef imports to Malaysia have soared to record levels for the first seven months of 2013 according to Malaysian National Statistics.
Analysts from Meat and Livestock Australia said that imports shot to 84,118 tonnes to August, after strong performance from Indian suppliers and growth from Australian exporters, up 18 per cent.
India provides 80 per cent of Malaysian beef, equating to 67,240 tonnes for the first seven months, an increase of 17 per cent year-on-year.
Retailer and foodservice expansion has caused a 30 per cent lift in import value over the past five years from A$2.70/KG to A$3.50 in 2013. This is thought to be behind the demand.
TheMeatSite News Desk