AUSTRALIA - Despite the volume of lamb exports lifting only three per cent year-on-year in May (20,528 tonnes), the value of those shipments surged 42 per cent to total A$147.1 million – the highest monthly lamb export volume on record (since 1995).
Meat and Livestock Australia said that this brings the 2013-14 financial year-to-May total to A$1.39 billion, up 37 per cent on the corresponding period the previous year, even though lamb export volumes lifted a comparatively smaller 13 per cent (206,497 tonnes).
During May, lamb export receipts to the US (A$35.3 million), Middle East (A$37.1 million) and China (A$19.5 million) increased 32 per cent, 31 per cent and 88 per cent year-on-year, respectively.
Returns from shipments to the EU rose 94 per cent during the month, compared to last year, at A$9.98 million, boosted by values to the UK more than doubling year-on-year in May, totalling A$7.4 million.
The value of mutton exports in May was 23 per cent higher than the same time last year, at A$61.8 million, taking the financial year-to May value to A$715.4 million – up 53 per cent year-on-year.
MLA said this was largely underpinned by a 19 per cent year-on-year increase in returns from the Middle East (A$16.7 million), a 61 per cent rise in export receipts from South East Asia (A$11.3 million) and the value of shipments to the US more than doubling year-on-year, to A$4.9 million. Export receipts to China, on the other hand, declined three per cent in May, totalling A$13.9 million.
TheMeatSite News Desk