Record Red Meat Returns from South Asia
AUSTRALIA - Australian beef and veal export values to South Asia reached a record high during the past fiscal year, increasing 13 per cent year-on-year and 53 per cent on the five-year average, at A$755 million. The improved returns coincide with record export volumes to the region, with shipments up six per cent from the previous year, reports Meat and Livestock Australia.
28 August 2012
1 minute read
Underpinning the overall growth in export values was a 33 per cent year-on-year rise in returns from Taiwan, which reached A$206 million – a result of record beef and veal exports for the same period. Export values to both Singapore (A$78 million) and Hong Kong (A$76 million) also increased over the same period, rising 21 per cent and 41 per cent year-on-year, respectively.
However, difficult and uncertain trading conditions resulted in a decline in export values to Indonesia, with returns falling six per cent year-on-year, to A$168 million.
Australian lamb export values to South Asia also set a new record during 2011-12, at A$183 million - six per cent higher year-on-year and 55 per cent above the five-year average. This was underpinned by a 13 per cent rise in lamb export volumes over the same period.
Despite a two per cent and 12 per cent decrease in export values to Malaysia (A$25 million) and Hong Kong (A$21 million) respectively, a 13 per cent improvement in export returns to China helped to offset any falls, with exports to China valued at A$85 million.
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