AUSTRALIA - During the first quarter of the 2014-15 financial year, Australia exported 6,800 tonnes of beef and veal to the EU, a rise of 18 per cent on the same period last year.
Trade to the EU is restricted by various tariffs, quotas and product quality requirements, which must be categorised as “high quality”, with most of Australian exports coming under the High Quality Beef (HQB) grain and grass-fed quota policy.
During the financial year, Australia is permitted to export 7,150 tonnes of high quality grass-fed beef and veal and has access, along with Canada, New Zealand, Uruguay and the US, to the 48,200 tonnes first come first serve grain-fed quota.
According to Meat and Livestock Australia, these quotas are expected to be used for a second fiscal year, as from July through to September Australia exported 2,056 tonnes of high quality grass-fed beef and veal, up six per cent year-on-year, and 4,507 tonnes of grain-fed beef and veal, up 31 per cent year-on-year and the highest volume first quarter on record.
The UK remained the largest market for Australian beef in the EU, taking 1,216 tonnes of grass-fed and 1,122 tonnes of grain-fed product. Other markets that have also emerged as valuable grain-fed export customers are Italy and the Netherland, taking 1,640 tonnes and 1,153 tonnes during the quarter, respectively, up 99 per cent and 11 per cent year-on-year.
During the 2013-14 financial year Australian exports to the EU reached $244 million and it was one of the highest per unit value destinations, averaging $10.16/kg.
TheMeatSite News Desk