US takes number one spot for Australia's number one lamb market

Published 2022년 4월 7일

Tridge summary

Australia's lamb export market has seen a surge, with the United States becoming the largest market and lamb exports to all other destinations also increasing by 22%. Over 6,800 tonnes of lamb was shipped to the US in March, a 33% increase from the seasonal trend. However, lamb volumes to China have decreased by 10%. Despite this, demand for mutton from China remains strong, making up 45% of the market. Australia's mutton exports to the US have been lacking in 2022. A new trade deal with India for Australian sheep meat is expected to diversify the industry and offset lower demand from the US. Malaysia is the second largest destination for Australian mutton, with a 16% lift in March. Overall, total lamb export flows reached 24,450 tonnes in March.

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

Original content

Australia's lamb export market continues its strong run as total lamb monthly flow volumes move ahead of the five-year pattern for the first time this season. And the United States has overtaken China as Australia's largest lamb market lifting by close to 29 per cent in March while lamb exports to all other destinations lifted by 22pc. Over 6800 tonnes of lamb was shipped to the US in March - levels running at 33pc above the seasonal trend. Lamb flows to all other destinations, excluding the US and China, have also lifted above the five-year average trend for the first time this year with 14,079 tonnes of lamb shipped to other destinations. This was a 22pc gain on the volumes recorded during February. However, lamb volumes to China have eased by 10pc over March to 3506 tonnes shipped weight (swt). But Thomas Elder Markets (TEM) analyst Matt Dalgleish said it could have simply been a case of an exchange as China's hunger for mutton remains reliable, making up 45pc of the market. ...

Source: Farm Online National