Global Focus - Australian and New Zealand beef
As the United States (US) begins to regain access to Japan and Korea, Australian beef exporters will increasingly pursue opportunities in alternative markets, a recently released report from the world’s leading food and agribusiness bank says.
According to the Rabobank Global Focus Report on beef, after a three year Bovine Spongiform Encephalopathy (BSE) triggered ban, competition from the US in Korea and Japan will continue to increase. At the same time as export demand from these North Asian markets subsides, increased beef demand from other markets, including developing countries, will see Australian exporters seek new customers the report says.
Report author, Rabobank senior Food and Agribusiness Research (FAR) unit proteins analyst, Wendy Voss says that as normal seasonal conditions return Australian cattle supply is expected to tighten, with cow and heifer slaughter, in particular, expected to decline as re-building efforts take place.
Click here to read more
Click here to find Rabobank's branches in Australia
Click here to find Rabobank's braches in New Zealand
Click here to find the global network of Rabobank via the service and location finder.