Low priced beef in South Asia
AUSTRALIA - Average wholesale prices of Brazilian, Indian, Argentinean and Chinese frozen beef in South-East Asian markets were well below the price of similar Australian beef over the calendar year 2006.
14 December 2006
1 minute read
The price of frozen Brazilian beef in the Philippines was 60–75% lower than the price of Australian beef throughout the year, including high value cuts such as striploin and rib eye. The Philippines also imports large volumes of frozen manufacturing beef from Australia, Brazil and India, mainly 65CL trimmings for the processing sector. Brazil’s competitive prices, combined with consistent supply, have resulted in Filipino importers increasing their sourcing of product from this market.
In the Singapore wholesale market, Brazilian frozen beef striploin, rib eye and topside were 16–38% cheaper compared with their Australian equivalents.
The wholesale market in Malaysia was dominated by frozen Indian beef, with prices for striploin, rib eye and topside about 60–86% lower than the price of Australian products. Similarly, beef cuts from Argentina and China were sold at 13–44% and 20–50% cheaper than similar Australian cuts.
These countries are expected to remain competitive in the South-East Asian region over the coming year – this will continue to affect Australian beef exports to the region, except in the high quality end of the market.
TheCattleSite News Desk
