Australia’s Beef Exports Remain Strong Through October
For January through October, chilled/frozen beef exports were up 15 percent to 902,961 mt, but exports to Japan (240,907 mt), U.S. (176,560 mt) and Taiwan (29,384 mt) were each down 6 percent. Exports to Russia (25,974 mt, -19 percent) and Central/South America (8,459 mt, -52 percent) were lower as well. Besides the remarkable growth to China, exports were larger for Korea (113,215 mt, +17 percent), the Middle East (53,044 mt, +109 percent), Indonesia (28,573 mt, +28 percent), the Philippines (21,840 mt, +9 percent) and the EU (16,816 mt, +39 percent).
Most of Australia’s export growth has come on the frozen side, essentially matching the increase in beef production due to ongoing drought-induced herd liquidation. Australia’s total chilled exports for October were down 10 percent to 22,032 mt, reflecting zero for China and smaller exports to Japan and Korea. For January through October, chilled exports were up 2 percent to 216,188 mt, with smaller volumes to Japan (94,880 mt, -12 percent), Korea (25,484 mt, -3 percent), Central/South America (mostly Chile, 5,202 mt, -62 percent) and Taiwan (3,100 mt, -41 percent). Offsetting these declines were larger chilled exports for the U.S. (29,209 mt, +9 percent), EU (15,483 mt, +50 percent), Middle East (14,326 mt, +93 percent) and China (shipped prior to the August ban — 12,212 mt, +977 percent).
With continued large slaughter numbers, Australia’s cattle prices remain 12 percent lower than last year at $1.36 per pound, carcass basis. Combined with the weaker Aussie dollar, this has helped Australia’s competitiveness.