Rapid rise in Korean beef imports first half 2016

Figures released by the Korean International Trade Association show the volume of Korean beef imports jumped 31% January to June 2016 compared to last year.

January to June values jumped 17%. Unit value in June was equivalent to US$5.70 per kg, slipping from the 6 months to June average unit value of $5.75 per kg. The annual unit value in 2015 was US$6.15 per kg. June 2016 beef imports from Australia totalled 15,245 tonnes and USA 12,812 tonnes. Australia was 52.4% of total Korean beef imports for first half 2016. USA was 39% of total first half imports.
Australian Jan-June 2016 beef exports increased 8.5% and the breakup of cuts is shown below.

Source: DA, MLA