Aussie lamb in the menu in Korea and North America

Published 2021년 7월 19일

Tridge summary

Australian lamb consumption in North America and Korea is on the rise, with sheepmeat exports to both countries showing significant growth. Korean consumption of Australian lamb has increased by 12% year-on-year, reaching 6,890 tonnes swt, and is expected to grow further due to shifting consumer trends and social distancing measures. In North America, lamb has benefited from high beef prices and low supply, leading to a record year for lamb in the US and Canada. Canada, in particular, offers potential for growth with its urbanized, affluent population and appreciation for quality food.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Emerging markets in North America and Korea are signalling an undeniable appetite for Australian lamb as consumption trends continue to grow for what was traditionally looked upon as a niche product. And according to the latest Meat and Livestock Australia figures sheepmeat exports to both Korea and North America are experiencing a healthy growth despite the COVID outbreak. MLA's general manager of international markets Andrew Cox said when Australia really needed a market last year, Korea stood up. "Korea have really stepped up with increased prices and there is growing penetration of country origin labels," Mr Cox said. "Lamb recorded 15,000 tonnes in exports, and it wasn't long ago it was one or two thousand tonnes a year, so Korea has been going great guns for Australian red meat." Sheepmeat exports to Korea for the calendar year to May grew 12 per cent year-on-year to 6890 tonnes swt, driven by steady growth in chilled lamb exports. Chilled lambs exports reached a record high ...

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