US Demand Spurs Australian Beef Exports
Prices of Australian beef export have been on the rise, despite tepid consumer demand in the Asian Pacific food service sector. Overall consumption has been subdued due to cautionary spending and inflationary economic headwinds.
Selling indications of 95CL boneless beef has tipped over the $300/cwt CIF NE Asia for the first time this week since the start of the year, driven by the rally in US beef prices.
Strong March 2024 export figures have provided a substantial confidence boost to Australian exporters to drive plans for operational expansion...
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