Meat exporters eye Middle East
Meat and Livestock Australia (MLA) predicts that the Middle East will become Australia’s biggest market for lamb exports this year, after projections showed volumes will rise another 36 percent.
According to the MLA’s 2009 Sheep Industry Projections Mid Year Update, total volumes shipped would be more than 34,000 tons. However, they expect a 10 percent drop in live exports due to supply issues and higher prices.
“The Middle East has been a standout so far this year, with exports in 2009 forecast to increase by 36 percent, to 34,500 tons, despite the impact of the global financial crisis and economic slowdown on oil revenue and the region’s tourism and industrial sectors,” said Kara Jones, MLA’s sheep and lamb analyst.
The MLA forecast another seven percent growth next year, representing a volume of 37,000 tons.
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