Aussie lamb exports rebound as demand from US and China lift

Published 2021년 6월 8일

Tridge summary

Australian lamb exports to the United States and China have seen significant increases in May 2021, with the US volume increasing by 18% and China's by 53%, compared to the respective five-year averages. This surge is attributed to the vaccination roll-outs and increased consumer confidence in the US, and the ongoing recovery of the pig herd in China due to African Swine Flu. Meanwhile, exports to other countries, excluding the top four trade locations (US, China, UAE, and PNG), have also seen a 7% increase from April to May, indicating a positive trend in the global economy and showing a preference for Australian lamb in recovering markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The two biggest players in the lamb export space, China and the United States, are still hungry for Aussie lamb with export volumes increasing to levels well above seasonal averages. In May lamb export volumes from Australia to the US increased by 18 per cent, taking flows to levels that are 45pc ahead of the five-year average for May. Lamb exports to China from Australia saw a 53pc gain, representing a level that is nearly 32pc above the seasonal average pattern for May. And from April to May, total Australian lamb export volumes lifted by 19pc to hit the highest monthly flows seen in over a year. The Department of Agriculture, Water and Environment (DAWE) reported that 25,952 tonnes shipped weight (swt) of lamb exports were sent offshore during May 2021. According to Thomas Elder Markets analyst Mat Dalgleish vaccination roll-outs and increased consumer confidence in the US as well as the continuing rebuild of a depleted pig herd due to African Swine Flu in China is keeping ...

Source: Farm Online National