October 17, 2008

 

Australia's September beef exports to South Korea declines 10 percent

 

 

Australian exports during September decreased 10 percent from September 2007, due to the gradual ramping up of US beef imports.

 

It is expected that US beef will start replacing some Australian frozen product at retail in coming months.

 

Between August and September 2008, exports increased by 31 percent to 9,349 tonnes, due to low Korean stocks after the Chuseok holiday and the slow return of US products.

 

In the nine months to September 2003, Australian chilled beef exports to Korea rose from 4,490 tonnes to 21,743 tonnes in the same period in 2008. This steady growth is due to the expansion in Korean hypermarkets, the scant presence of US beef in Korea, the increased use of chilled products in food service and increased marketing activities with the Hoju Chungjung Woo label promoting Australian product with guaranteed safety.

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