From the UK to China: What's happening in beef's global markets

Published 2024년 5월 15일

Tridge summary

The article provides an overview of the complexities faced by the meat processing and export industry, with a focus on key issues in major export markets. It discusses Brazil's strategy to gain access to Japan and Korea by claiming foot-and-mouth disease freedom, which could impact Australian exports. The steady Japanese beef imports, with Australia and New Zealand compensating for reduced imports from other countries, are contrasted with the devaluation of the Japanese Yen and New Zealand's new Free Trade agreement with the EU. The article also touches on the uncertainty of the US ground beef market due to bird flu concerns and the potential impact of the expiring labor contract on Australian beef imports into the US. Additionally, it mentions the resumption of Chinese processing plants, China's approvals of additional beef processing facilities in other countries, and the UK's new physical check requirements for beef imports from the EU.

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

Original content

As an export dependent industry, it was interesting last week while everyone was in Rockhampton, to look at some of the issues at play in our major export markets, highlighting the complexity - good and bad - that exporting brings to running a meat processing and export business. The Brazilian Government declared last week that they were foot and mouth disease free without vaccination. While a self declaration won't change the status quo overnight, this is the start of a strategy to argue for access into Japan and Korea where they are currently excluded. They will apply to the World Organisation for Animal Health in August with a possible decision by May 2025. A successful outcome would have implications for Australia. Japan's beef imports were steady in the first quarter this year as sharp increases from Australia and New Zealand offset reduced imports from the United States, Canada and Mexico. Chilled imports from Australia were up 42 per cent, particularly chuck and round cuts. ...

Source: Farmweekly