Beef & Veal Export Values Higher In September
AUSTRALIA - The total value of beef and veal exports rose 11 per cent year-on-year in September, to A$381 million (Australian Bureau of Statistics), reports Meat and Livestock Australia (MLA).
23 November 2011
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MLA reports that the higher returns were in line with the larger export volumes shipped during the month, which increased eight per cent over the same period (Department of Agriculture, Fisheries and Forestry).
For the nine months to September, total beef and veal export values totalled A$3.36 billion – six per cent higher than a year ago. The rise in values was despite the A$ averaging 16 per cent above the US$ and four per cent higher than the Yen through the nine months to September. The higher value is also reflective of rising global beef prices.
MLA states that despite exports for the nine months to September increasing one per cent year-on-year, total exports share to the big three of Japan, the US and Korea for the same period has fallen from 75 per cent in 2010 to 69 per cent in 2011.
Encouragingly, total beef and veal export values during this period have not fallen, with other markets not only demanding more Australian beef and veal, but also maintained strong prices.
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