Australian Beef exports down

13.04.2010 10:55 "Agro Perspectiva" (Kyiv) — Australian shipments of beef and veal reached 81,521 tonnes swt in March, 8% below the previous year. The transportation and processing of cattle has been held back to date by widespread rainfall and flooding, particularly across northern Australia, and this has contributed to much lower supplies of beef and veal nationally. Exports declined 48% year-on-year to 16,421 tonnes swt in the US, a combination of limited supply, the high Australian dollar, cheaper domestic CL product and a desire among traders to keep inventories low. Shipments also fell 17% to Indonesia (3,364 tonnes swt) and 22% to Taiwan (2,295 tonnes swt). However, exports lifted 10% to Korea (11,173 tonnes) with consumer spending continuing to recover, and 28% to Japan (39,283 tonnes), with importers buying strongly ahead of the Golden week holiday. Cattle supplies are expected to improve in coming months, with the official end of the rainy season in March. Despite this, Australian beef exports are forecast to be 6% lower in 2010 year-on-year, due to a combination of herd rebuilding and the higher Australian dollar impacting returns (MLA’s Industry Projections).

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