The figures from the Department of Agriculture, Fisheries and Forestry (DAFF), show that Australian beef exports finished the 2006-07 fiscal year at a record high 973,880 tonnes (shipped weight), 3pc higher than the previous record of 947,865t set in 2004-05.

Meat and Livestock Australia reports the increased shipments were largely due to an increased supply of cattle, as drought conditions forced producers to increase turnoff.

However, the continuing strong demand from both Japan and Korea was also a factor.

MLA says shipments for the year increased to most of Australia's main beef export markets, with sales to Japan increasing by 4pc to 403,170t – the second highest level on record.

Japan continues to be Australia's largest beef export market, receiving 41pc of total exports during 2006-07.

Korean demand for Australian beef strengthened in 2006-07, due largely to the ongoing trade restrictions on US beef.

Exports to Korea for 2006-07 reached a record high 156,703t, up 29pc on 2005-06.

Meanwhile, lamb exports also increased, in line with increased production.

MLA says more lambs were born during 2006/07 and producers increased turnoff rates accordingly.

However, export demand also remained strong, particularly to the US, China and Middle East.

MLA says that despite the ongoing issues faced by a strengthening Australian dollar, demand from the US picked up for both chilled and frozen lamb during 2006-07, with shipments increasing 5pc to a record 41,389t.

Source: North Queensland Register