AUSTRALIA - Grain-fed beef exports during August edged four per cent higher year-on-year, at 19,050 tonnes, underpinned by large numbers on feed and the ongoing strong international demand.
Over half the grain-fed beef exported for the month was destined for Japan, with the volume up 16 per cent year-on-year, at 11,128 tonnes, and assisting the calendar year-to-date volume reaching 79,593 tonnes, up two per cent year-on-year.
Encouragingly, over the eight months chilled shipments to Japan have been the driver of the rise, with the volume up eight per cent, at 54,499 tonnes, while the frozen volume is down 10 per cent, at 25,094 tonnes.
Grain-fed beef exports to Korea during August increased 19 per cent year-on-year, to 3,274 tonnes, assisting the volume for the first eight months to increase 21 per cent on the corresponding period last year, at 23,521 tonnes.
Both chilled and frozen grain-fed beef exports have accounted for the rise, with yearly volumes up 14 per cent and 30 per cent, at 12,800 tonnes and 10,721 tonnes respectively – particularly good news, given the current eight per cent higher tariff placed on Australian beef compared to that from the US.
The EU remained Australia’s third largest grain-fed beef market in August, with shipments up 36 per cent for the month, at 1,493 tonnes, taking the aggregate volume for the year to 11,265 tonnes, up 59 per cent year-on-year.
The US was also a strong performing grain-fed beef market during August, with the volume up 129 per cent year-on-year, at 956 tonnes.
Looking forward, grainfed beef exports are likely to remain high for the remainder of the year, especially given the reportedly high cattle numbers on feed currently.
TheMeatSite News Desk