Strong Australian beef exports on clean and safe reputation
Australia’s reputation for providing clean and safe beef has seen a rise in beef exports to Korea according to a report released today by the Australian Bureau of Agricultural and Resource Economics (ABARE).
Australian beef accounted for about two-thirds of sales of imported beef in major retail outlets for the March quarter.
“The temporary ban on imports of US beef by the Republic of Korea, and increased import demand for a greater range of beef cuts, contributed to a significant rise in the volume and prices of beef cuts from Australia,” explained ABARE executive director Phillip Glyde.
Although Korea has since reopened trade with US beef exporters, Australian sales remain strong, he said.
“Over the medium to longer term, beef consumption in the Republic of Korea is expected to increase further, in line with income growth. This, together with the clean and safe image of Australian products, offers the prospect of future growth in Australian beef exports to the Republic of Korea,” said Glyde.