July 4, 2008

 

Australia beef exports to Japan grows 2.8 percent on-year
   
   

Beef exports to Japan in June grew 2.8 percent on-year to 31,462 tonnes but shipment results are generally negative, according to the Meat and Livestock Australia (MLA) on Thursday (July 3, 2008).

 

In the first half of 2008, beef exports to Japan totalled 180,383 tonnes, down 6.5 percent on-year.

 

Compared with May, exports in June dropped 9.5 percent. All product categories suffered month-on-month shrinking of shipments, with chilled grass-fed beef incurring the biggest loss of 28.2 percent.

 

Kondo Miho, market analyst at MLA, said that current market conditions pose a challenge with the strong Australian dollar, high grain prices and sluggish Japanese economy.

 

However, Kondo remained positive on beef exports, pointing to the year-on-year growth in June.

 

In addition, Australia's beef output in May increased by 7.6 percent on-year to 181,404 tonnes. However, beef output is expected to drop this fiscal year ending June 30, 2009 as some producers switch to crop planting to take advantage of high grain prices.

 

Australia exports about two-thirds of its beef production, with about 90 percent heading to Japan, the US and South Korea.

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