Australian meat exports fall, Ireland exports to China again

Published 2023년 1월 20일

Tridge summary

Australia's beef exports hit a 19-year low in 2022 due to a decrease in livestock numbers, climatic issues, and processing chain challenges. The total export volume was 854,592 tons, the lowest since 2003. Japan was the largest buyer, followed by South Korea and the United States. In contrast, China's imports of Australian beef saw a marginal increase. The United States, with its surplus of beef, became the fourth largest market. Meanwhile, Ireland has resumed meat exports to China after a suspension of over two and a half years.

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

Original content

Two recent events in the last week have shaken the global beef market. On the one hand, Australia, one of the largest exporters of protein, reported the lowest sales results in 19 years. On the other hand, Ireland regained admissibility in China to sell meat after 2 and a half years of suspension. Australia's beef exports in 2022 plummeted to a 19-year low, according to Beef Central. The reasons: a low number of specimens available for slaughter, climatic changes and challenges in the processing chain. Additionally, beef prices in 2022 were not competitive as Australian cattle fetched record prices, influencing business decisions in many markets. (Read: In Australia, the herd recovers thanks to the rains brought by La Niña) The total export volume reached 854,592 tons, the lowest level seen since 2003 (840,929 tons), when the global alarm for BSE ( mad cow disease) drastically reduced the demand for beef in markets such as Japan, the United States and Korea. Last year's result was ...

Source: MXContexto