Australia raises beef export forecast

by Editor
Friday, December 12, 2014
Photo: jus

Australian beef and veal exports to the United States are forecast to jump 35% to 360,000 t, the country's highest annual volume since 2004/05, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) reported.

In a quarterly agriculture production report, the agency noted that demand from the United States drove higher Australian beef and veal export volumes in the first four months of the 2014/2015 season. During the period, the US accounted for 35% of total Australian beef and veal exports compared to 19% in the comparable year-ago period.

ABARES forecast total exports of beef from Australia to climb 4% to 1.18 mill. t in the 2014/2015 season.