There’s a growing stockpile of beef in cold storage in Australia’s key Asian export markets – due largely to the slowdown in local economies – and in some cases it might take six months to clear.
All three key Asian markets for Australia – Japan, Korea and China – are impacted, and the overhang is likely to have implications for Australian export beef demand.
That’s the assessment of independent analyst Simon Quilty from Global Agritrends, who has addressed a series of industry seminars recently, including an Elders agency network gathering in Rockhampton.
In recent weeks…
