News

Australia records red meat exports of 177,665 tons

Frozen Bone-In Beef
Meat
Australia
Market & Price Trends
Mutton
Published Nov 7, 2023

Tridge summary

Australia has achieved its highest level of red meat exports in four years, with a volume of 177,665 tons in October. This growth is attributed to robust global demand and a dynamic recovery of the industry. North America is the largest export market for Australian beef and lamb, while China remains the top destination for mutton, with both markets showing significant increases in demand.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

With a volume of 177,665 tons in October, the country has reached its highest level of exports in four years, evidencing robust global demand and a dynamic recovery of the industry. This achievement underlines the strength and resilience of the Australian agriculture sector on the international stage. The latest report reveals that Australia's red meat exports have seen significant growth, up 5% since September and an impressive 39% since October the previous year. This volume represents the highest monthly figure recorded since September 2019, marking a period of prosperity for Australian exporters. North America has established itself as the largest export market for Australian beef and lamb, while China has maintained its position as the leading destination for mutton. These markets have demonstrated a growing appetite for the quality and distinctive flavor of Spain's Antipodean red meat, with a 118% year-on-year increase in exports to North America in October alone. Beef ...
Source: Agromeat
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