Japan and South Korea stands out in meat export

Published 2020년 12월 10일

Tridge summary

November saw a decrease in Australian red meat exports, with beef and mutton exports experiencing a 2% and 34% decline from October and the same month last year, respectively. Beef exports to the US reached their smallest total since January 2011, at 9,600 tonnes, due to increased self-sufficiency and competition from other countries. On the other hand, Japan and South Korea, the top beef markets, absorbed 25,400 tonnes and 16,600 tonnes, respectively. Lamb exports remained strong, with a minor increase in November, while sheep slaughter numbers are still down significantly. Mutton exports have also struggled due to reduced availability, with China, the US, the UK, and Qatar being the only markets showing slight growth.

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

Original content

November was another challenging month for Australian red meat exports, with tight supply of livestock impacting exports, particularly beef and mutton. Last month exports of beef were 79,900 tonnes shipped weight (swt), 2% down on October volumes but 23% behind the same month last year, tracking in line with reduced levels of cattle slaughter. Total beef exports for the 2020 year-to-November are 954,000 tonnes swt, 14% down on 2019 levels. Constrained month for beef exports to the US November represented the smallest total of Australian beef exported to the US since January 2011 at 9,600 tonnes swt, back 30% on the same month last year. A number of challenges are mounting for the US market, which have contributed to this reduction in exports. As COVID-19 cases continued to rise, the impacted US processing capacity resulted in a short-term spike in imported beef demand, back in May. Since then, US cattle slaughter has run at near year-ago levels, bolstering beef production and ...

Source: Mla