Tridge summary
In October, Australia saw a significant increase in its agricultural exports, with beef, lamb, mutton, and goatmeat all experiencing notable growth. Beef exports jumped by 24% to a record 130,049 tonnes, with the United States being the largest market and Indonesia seeing the biggest increase. Chilled beef exports to the US hit an all-time high. Lamb exports, however, saw a 13% decrease, largely due to a drop in exports to China, although the US remained the second-largest market. Mutton exports surged by 35% to the highest monthly figure since 1994, with China and Malaysia showing the most significant increases. Goatmeat exports soared by 48% to a single month record high, with the United States as the primary market. These trends indicate a strong possibility that 2024 could break record levels for Australian agricultural exports in multiple categories.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Beef exports Exports of beef rose 24% from last year to 130,049 tonnes. This is the largest export volume in a single month on record, beating the previous record set in July. The United States (US) was the largest market for Australian beef for the month, with exports rising 64% year-on-year to 45,338 tonnes. This is the second-highest volume of beef exported to the US in a single month. While frozen exports made up the majority of beef exported, chilled exports saw an 88% rise year-on-year to 11,572 tonnes, the highest chilled volume to the US on record. After the US, South Korea was the second largest market for Australian beef and exports rose 13% year-on-year to 19,733 tonnes. The largest increase in exports came from Indonesia; 11,026 tonnes were exported to Indonesia, 95% more than October last year So far this year, 1.1 million tonnes of beef has been exported, the highest year-to-October figure on record. As forecast in the latest Cattle Projections, Australian beef is ...
Source: EuroMeat
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