State of play for exports

State of play for NSW beef exports

Beef
NSW is home to some of Australia's best grazing country so it's no surprise there has been high export demand for beef.

NSW is home to some of Australia's best grazing country so it's no surprise there has been high export demand for beef.

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NSW is home to some of Australia's best grazing country so it's no surprise there has been high export demand for beef.

Aa

While China and US continue to be key export destinations for NSW beef, other rising markets are Japan and South Korea.

NSW Government figures show that the state has exported 40,000 tonnes (shipped weight) of beef and veal from between January to April, which is down 2 per cent on the same period for 2019.

Of that Japan and South Korea, have respectively taken 6900t and 5250t of beef so far this year.

For Japan it's an increase of 20pc on the same period last year but a decrease of 18pc to South Korea due to the coronavirus pandemic.

But Meat and Livestock Australia's market intelligence manager Scott Tolmie says South Korea's demand was back on the rise again.

Mr Tolmie said Japan's increase was due to the fact that it had kept its borders and economy "ticking along" for the early part of the year with COVID-19 only starting to impact more recently.

For South Korea, Mr Tolmie said it had a spike of COVID-19 cases early, in line with China, so their impacts were felt earlier.

But he said South Korean exports were being supported with the food service sector back to 80pc to 90pc, closer to what it was pre-covid levels due to stimulus from the government and "plenty of promotions".

He said both Japan and South Korea were still stable and solid markets for products.

"For NSW the Japanese and South Korean interplay has been significant but we are not seeing that play out at a national level to the same extent," he said.

Agriculture Minister Adam Marshall said NSW was home to some of Australia's best grazing country, and it's no surprise our beef producers have a reputation for producing the highest quality product on the market.

"Our graziers can be rest assured there will always be a strong demand for their product across the globe," Mr Marshall said.

Almost 12,700t (or 32pc) has been exported to China, an increase of 24pc on the same period last year while around 8850t has been exported to USA, a reduction of 20pc.

  • Exports volumes down, p6
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