Coupled with the strengthening A$, easing export prices and lower volumes, the value of Australian beef exports for the March quarter was $1.7 billion FOB – down 17% from the corresponding period in 2015.
Interestingly, despite the year-on-year decline in export volumes and prices, the March quarter value remained historically high and was 28% above the five-year average.
The average unit price for Australian beef averaged A$6.86/kg FOB for the quarter – back 1% year-on-year and 6% from the peak in the 2015 September quarter, which was in line with global price trends.
Interestingly, despite the year-on-year decline in export volumes and prices, the March quarter value remained historically high and was 28% above the five-year average.
The average unit price for Australian beef averaged A$6.86/kg FOB for the quarter – back 1% year-on-year and 6% from the peak in the 2015 September quarter, which was in line with global price trends.
http://www.mla.com.au/Prices-markets/Market-news/March-quarter-beef-export-values-ease?utm_source=TN_MLA-MLW&utm_medium=Email&utm_campaign=MLW+17th+May+2016
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