Australian meat export prices surged over 47 index points throughout 2013 and 2014 to their peak of 147.8 in the September quarter 2015. Prices have corrected since that time with a loss of 17 index points and almost 10 points lost between Dec quarter 2015 and June quarter 2016. Today's release of the
ABS trade figures for June 2016 saw beef export values for the year ended June drop to $8.5 billion AUD, down 6% from the fiscal year ended June 2015. Volume and values have contracted but export meat prices remain at historically high levels.
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