Australian beef exports to Russia remained subdued throughout August, with exports down 49% year-on-year.
For the first eight months of 2012, beef shipments to Russia totalled 25,743 tonnes swt - 34% below year ago levels.
Frozen product continues to dominate Australian shipments, making up 97% of total exports.
Manufacturing shipments dominated the cut composition for August, making up 34% of overall frozen exports, followed by Silverside/outside (28%), chuck and blade (18%) and blade (6%).
Frozen manufacturing product has historically dominated the cut profile of Australian exports to Russia, making up 39% of shipments in 2011.
However, so far in 2012 this has dropped to 22%, as large quantities of Australian manufacturing beef have been destined for the US – attracted by favourable returns.
Additionally, Australian beef has been facing tough competition from cheaper South American product in the Russian market.
Australian beef has faced a tough trading environment in Russia throughout the middle of 2012, with a strong Australian dollar in contrast to a weak ruble and a depreciating Brazilian real.
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