Australia's meat exports continue to climb

Published 2024년 4월 12일

Tridge summary

In March, Australia experienced a significant boost in red meat exports, achieving the largest volume since 2015 and marking it as the second largest on record with 182,480 tonnes, a 9% increase from the previous year. Beef exports led the surge with an 8% rise to 106,574 tonnes, significantly fueled by a 58% increase in demand from the United States due to its declining domestic production. Lamb exports also saw a substantial growth of 36% to 30,707 tonnes, mainly to the US and the MENA region, while mutton exports slightly declined by 6% to 20,263 tonnes, facing a drop in demand from China but an uptick in the MENA region. Additionally, goat exports witnessed a modest 5% increase to 3,643 tonnes, largely driven by a 73% rise in exports to the United States.

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

Original content

Despite an early Easter, red meat exports in March rose 9% from last year to 182,480 tonnes, making this past month the largest March in terms of exports since 2015 and the second largest on record. Beef Australia exported 106,574 tonnes of beef over March, 8% more than last year. The standout increase was exports to the United States, which rose by 58% year-on-year to 29,346 tonnes. Domestic production of beef in the US is continuing to decline, which is pushing the amount of beef in cold stores down and pulling imports up. Outside of the US, Japan was the second largest market for the month, and exports lifted 3% year-on-year to 21,007 tonnes. Exports to China and South Korea fell by 17% and 25%, respectively, compared to March last year, but exports remained above average, and the declines were mostly due to March 2023 being an abnormally high month for both countries. Beef exports to the United Kingdom almost quadrupled to 506 tonnes as we approach the one-year anniversary of ...

Source: Mla