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Strong export demand for Australian lamb – Monta Flora

  • Published May 16, 2014 10:16AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Source: The Land; Published: Monday, 5 May 2014

TOTAL Australian lamb exports during April were 15 per cent higher year-on-year, at an April record 17,758 tonnes swt. Meat and Livestock Australia (MLA) reported elevated eastern states lamb slaughter since the beginning of 2014 supported this robust global demand.

Australia’s three major markets registered increases on the same period last year, and combined accounted for 63pc of total shipments during April. Of Australia’s three largest lamb export markets, shipments to China – the largest single export destination – increased 32pc year-on-year, to 3,098 tonnes swt, accounting for 17pc of total lamb exports.

Despite recording the lowest volumes since the beginning of the year and being pipped by China as the largest single export destination by volume, exports to the US in April also accounted for 17pc of Australian lamb exports and were 2pc higher than the corresponding period last year, at 3097 tonnes swt.

Buoyed by large volumes to Bahrain and the United Arab Emirates, at 1167 tonnes swt and 1476 tonnes swt, respectively, exports to the Middle East accounted for 28pc of total Australian lamb exports. Shipments to the Middle East registered the highest monthly volume since the beginning of the year, at 5056 tonnes swt, up 5pc year-on-year.

Supported by strong demand from the UK, shipments to the EU continued the elevated trend so far in 2014, up 63pc, or 453 tonnes year-on-year, at 1173 tonnes swt – the second highest April exports on record.

For smaller markets, the largest export growth during April was reported for Korea, Taiwan, and Hong Kong, up 110pc, 115pc and more than four-fold year-on-year, to 488 tonnes swt, 386 tonnes swt, and 689 tonnes swt, respectively. Similarly, Japan has returned this year as a significant export market, with shipments up 25pc on the corresponding period last year, at 810 tonnes swt – the second largest export market in Asia after China.

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