November 25, 2005

 

Australia's September 2005 beef exports down 21 percent

 

 

Australian beef exports in September 2005 totalled A$352.3 million, down 21 percent compared with the same period last year, Australian Bureau of Statistics said.

 

The fall in value was mainly attributed to a fall in export volume, reduced production and high cattle prices during the month, according to Meat and Livestock Australia.

 

In particular, the value of Australian beef exports to the US during September was A$95.6 million, down 49 percent year-on-year. Beef exports to Japan also fell by 17 percent during the same period to A$154.7 million. The US and Japan are Australia's two main beef markets. However, value of beef exports to South Korea surged 57 percent to A$54.5 million. Export volume there also rose significantly in September.

 

According to MLA, export volume fell due to uncertainty over the expected re-entry of US beef exports into several markets worldwide, and importers have resisted purchasing Australian beef.

 

From January to September 2005, Australian beef export value totalled A$3.480 billion, up four percent year-on-year.

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