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Australia’s Beef Exports off to Fast Start in 2014

Australia’s chilled/frozen beef exports in January totaled 69,510 mt, up 26 percent year-over-year. Driven in part by a weaker Australian dollar and continued liquidation due to drought, exports were larger to the United States (13,830 mt, +16 percent), South Korea (10,213 mt, 31 percent), China (10,002 mt, +125 percent), Indonesia (4,003 mt, +269 percent), the Middle East (3,625 mt, +11 percent), Taiwan (2,430 mt, 36 percent), Canada (1,863 mt, +165 percent), the Philippines (1,801 mt, +28 percent) and the EU (1,295 mt, 56 percent).

The only markets in which Australia’s January exports posted year-over-year declines were Japan (15,485 mt, -9 percent) and Russia (269 mt, -67 percent). In mid-January, Russia suspended imports from some Australian beef plants due to findings of trenbolone. Russia has also suspended imports of all beef offal from Australia, though that action did not take effect until Jan. 27.

Data source: Australia’s Department of Agriculture, Forestry and Fisheries