Australia Continues to Dominate Korean Beef Market
AUSTRALIA - Korean imports of Australian beef over the January to June period increased by eight per cent year-on-year, to 65,002 tonnes swt.
26 July 2010
1 minute read
Chilled and frozen beef imported from Australia increased 23 per cent and four per cent, respectively, this year, according to Meat and Livestock Australia. Australian beef continues to be dominant in the imported Korean beef market - supplying 78 per cent and 47 per cent of all imported chilled and frozen beef cuts, respectively, MLA says.
Over the period, total Korean beef imports lifted 21 per cent to 124,668 tonnes swt compared with last year.
So far, beef imports have surpassed last year's monthly totals - assisted by subdued domestic cattle slaughter.
Beef imported from the US in the year to date increased 57 per cent on last year to 37,591 tonnes swt.
Beef from the US into Korea consists of 90 per cent frozen (mainly barbecue) products.
New Zealand volumes increased 17 per cent from January to June, to 20,555 tonnes swt - with frozen beef accounting for 97.5 per cent of total shipments.
TheCattleSite News Desk
