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Australian Beef Offal Prices Continue to Rise

29 January 2015
Meat & Livestock Australia

AUSTRALIA - In December, according to the monthly MLA co-product survey, most major beef offal prices averaged dearer, assisted by a falling Australian dollar and strong international demand.

Meat and Livestock Australia said that beef liver prices averaged A$1.45/kg for the month, up 21 per cent on November and 16 per cent year-on-year.

Liver prices were supported by strong demand from Egypt, which increased imports of Australian liver from 26 tonnes in December 2013 to 1,032 tonnes in December 2014 – an increase of almost 4000 per cent to become country’s largest liver destination.

While tripe shipments to Hong Kong and Korea, Australia’s two largest customers, eased in December, other markets emerged to take product, with exports to Thailand doubling month-on-month to 502 tonnes and volumes to Japan increasing seven per cent to 240 tonnes.

December tripe prices responded accordingly, with honeycomb tripe increasing 12 per cent month-on-month to A$6.92/kg and tripe pieces increasing 10 per cent to A$3.55/kg.

Heart exports to Indonesia eased in December; however, South Africa and Egypt emerged to take 249 tonnes and 183 tonnes, respectively.

Heart prices also averaged dearer, with heart aorta (halal) increasing 10 per cent to A$5.90/kg and heart meat (halal) increasing six per cent to A$2.27/kg.

 

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