Strong Australian beef exports

Australian beef and veal exports for the first half of 2015 were up by 11% year on year.

If this growth rate continues then exports are set to be 2% higher than they were a year ago at the end of the year at 1.3 million tonnes.

The factors driving the growth rate include: the positive Australian $/US $ exchange rate; strong global beef prices, high Australian beef production; and increasing demand from export markets – in particular the US, Japan, and Korea.