Australia's beef export levels drop to their worst levels in 19 years

Australian beef exports plummeted to their lowest figure in 19 years. The amount reached 854,592 t in 2022 and is the lowest since 2003. According to Meat & Livestock Australia, the drop was due to the reduction in the number of slaughters and not so much to the drop in demand. It is estimated that in 2023 sales can grow and the livestock census will recover. Since Australia's Department of Agriculture in its December Commodity Report forecast a 5% reduction in beef export volumes in 2022-2023 compared to 2021-2022 due to high livestock prices, wet conditions and limited capacity at processing facilities due to labor shortages. Another of the factors that are limiting Australian meat exports is the lack of labor. This has been stated by the Rabobank animal protein analyst, Angus Gidley-Baird, who warned that this factor could slow down ...