AUSTRALIA, North Sydney. August was another huge month for beef exports, with 106,000 t swt of beef ‘hitting the docks’. This figure is back from the previous month but still the second highest monthly total since August last year (107,000 t swt).
China remained the top destination, edging out Japan for the second consecutive month, with an August total of 26,000 t swt. Despite hitting safeguard last month and an extra 6% tariff applied to Australian beef, China is expected to continue importing elevated volumes of meat as they look to stockpile product ahead of Chinese New Year celebrations in late January.