• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Aussie Record Exports

Mike

Well-known member
Beef export record forecastFrom correspondents in Washington

February 27, 2007 07:35am
Article from: AAPFont size: + -
Send this article: Print Email
AUSTRALIA'S beef exports in the 2007 crop year are forecast to be a record 1.495 million tonnes, a Canberra-based US diplomatic attache says.

"The forecast for record high exports is underpinned by historically high production and slaughter due to extreme drought conditions," the US official said.

He said the outlook for pasture conditions has been labelled as "difficult" in the short term, with significant improvements not expected until the second half of the crop year.

"Despite prolonged drought conditions, prices have remained high, keeping cattle numbers at historically high levels," the attache said.

Near record cattle-on-feed numbers indicate strong exports to Australia's two primary grain fed markets, Japan and Korea.

Exports of beef to Japan remained fairly steady in 2006; exports to Korea increased 20 per cent and now represent 16 per cent of total Australian beef exports.

"Livestock prices have remained relatively strong considering the extreme drought conditions recently experienced and this has maintained a degree of commercial optimism among industry sources outside the farm sector," the attache's report said.

"Structural changes over the past two decades, such as domestic grain market deregulation; high levels of investment in lot feeding and processing; and on farm advances in genetics, fodder management, and marketing have largely resulted in avoiding the market "crash" type situations of previous droughts.

"Some livestock markets have not, however, avoided sharp price decline and the 'store sheep' market is an example of this."
 
Top