Australian red meat exports rose 2% from year-ago levels to 127,706 tonnes in October, driven by high lamb export volumes, as beef exports fell slightly from October 2021 volumes to 72,979 tonnes. Beef exports Beef exports fell 2% from year-ago levels to 72,979 tonnes. Exports to Japan fell 16% year-on-year to 15,751 tonnes, making it the largest single market for Australian beef for the month.
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China and the United States both recorded volume increases of 13% and 1% respectively, and exports to South Korea fell by 11% year-on-year to 13,764 tonnes. Exports rose in South-East Asia by 25% year-on-year to 9,626 tonnes. Long identified as a key market for Australian beef, the steady increase in exports to South-East Asia has contributed to the increasing diversification of Australian beef export markets. This was the strongest October for South-East Asian exports since 2019, and volume increases were seen across all major markets: Indonesian exports rose 26%, exports to the Philippines rose 13%, Vietnamese exports rose 57%, and exports to Thailand rose 51%. All in all, so far in 2022 Australia has exported 708,781 tonnes of beef, 4% less than the first ten months of 2021. Sheepmeat exports Lamb exports have risen more quickly than slaughter.Source: NLRS, DAFF, MLA Calculations Sheepmeat continued to be exported in large quantities, with large increases in lamb exports ...