Australia’s beef and veal exports continue to flourish

By Carina Perkins contact

- Last updated on GMT

Australia’s beef and veal exports continue to flourish

Related tags: Japan, Australia, Meat, Processing equipment & plant design

Australian beef and veal exports continued to perform strongly in August, driven by high slaughter rates and the devaluation of the Australian dollar.

According to Meat and Livestock Australia (MLA), export volumes for the month increased 21% year-on-year to 98,401 tonnes (t) swt. MLA said that volumes were boosted by an 18% year-on-year increase in average weekly eastern slaughter as a result of stock from the drought-ridden north entering the market.

It added that the Australian dollar averaged US¢90, a 14% drop on August 2012, which helped to boost exports further.

Beef and veal exports to China saw the biggest August increase, up 930% on the same period last year to a record 16,192t swt. Exports to the Middle East also performed well, with an 81% year-on-year increase to 6,284t swt, the second-highest monthly volume to the region.

Significant gains were also made in Indonesia and the EU, which increased shipments by 110% and 60% respectively. Traditional markets South Korea and the US increased Australian beef and veal imports by 13% and 8% respectively for the month.

In contrast, exports to Japan were back 13% year-on-year, with “the prominence of US product increasingly challenging Australia’s market position”, said the MLA.

Taiwan and Singapore were the only other markets to record lower year-on-year volumes in August, with volumes back 9% and 42% respectively as the result of competition from China.

Related topics: Meat

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