Australian exports pick up the pace

Published Mar 9, 2023

Tridge summary

In February, Australia's red meat exports experienced a 20% increase from the previous year, reaching 125,003 tonnes. This growth is attributed to higher slaughter numbers and strong demand in international markets, offsetting the complex supply issues in other exporting countries. Beef exports saw a notable 18% rise, with significant growth in shipments to Japan, South Korea, China, and the United States. Meanwhile, lamb and mutton exports also increased by 19% and 37% respectively, with China and the Middle East showing the most significant growth. These export levels are notable as they surpass the strong 2022 figures and are achieved outside of drought conditions, indicating a promising outlook for 2023. The Australian red meat industry is well-positioned for continued strong performance in the coming months, buoyed by production disruptions in Brazil due to BSE.

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

Original content

Red meat exports in February continued the strong start seen in January, rising 20% from the same period last year to 125,003 tonnes. Off the back of higher slaughter numbers in 2023, Australian red meat export volumes grew in February to 125,003 tonnes – 20% higher than the same period in 2022. High demand in overseas markets, alongside a complex supply picture in other exporting regions, has given Australian exporters solid export conditions as production continues to rise. Beef February 2023 exports totalled 70,379 tonnes, 18% higher than February 2022. This was due to an increase of 34% in grassfed exports to 47,165 tonnes. In comparison, grainfed exports declined 5% year-on-year to 23,214 tonnes. Beef exports year-on-year: Japan grew by 3% year-on-year to 16,657 tonnes. South Korea grew 26% to 13,342 tonnes. China grew by 9% to 12,528 tonnes. United States grew by 30% to 11,623 tonnes. Exports to Indonesia grew by 237% to 6,301 tonnes. The substantial growth in the Indonesian ...

Source: Mla