AUSTRALIA - The value of lamb exports during February 2014 reached A$135.5 million, up 40 per cent year-on-year, despite the volume of lamb exported over the same period lifting only nine per cent (19,229 tonnes) compared to the same time last year – the effect of the Australian dollar hovering around 89US¢ throughout the month.
According to Meat and Livestock Australia, shipments to the US generated A$41.2 million for the month, up 38 per cent year-on-year, as the proportion of chilled lamb shipped in February lifted from 62 per cent to 68 per cent of the total volume, compared to the previous year.
The Middle East followed second, with exports valued at A$30.2 million in February, up 23 per cent year-on-year, while returns from shipments to China continued to climb, lifting 36 per cent on the corresponding period last year to total A$16.2 million.
As the Easter trade to the EU began to ramp up during February, so did the value of lamb exports, surging 76 per cent on last year to total A$12.3 million.
Other notable increases registered during the month were returns from lamb shipments to South East Asia (up 74 per cent, to A$6.8 million) and Japan (up 30 per cent, to $5.5 million).
Mutton exports during February saw a considerable increase in value, up 84 per cent on the previous year, totalling A$84.5 million.
Exports to China generated the highest value reaching A$21.4 million, a jump of 65 per cent year-on-year, representing 25 per cent of Australian mutton exports.
The value of exports to the Middle East followed closely behind, at A$21.3 million, up 64 per cent on last year.
The value of shipments to South East Asia and US almost doubled in February, at A$9.9 million and A$7.6 million, respectively, while exports to the EU registered a more than four-fold year-on-year increase during the month, at A$8.3 million.
TheMeatSite News Desk