Russia was Australia’s fifth largest valued beef export market in 2011-12, with beef exports worth A$204 million, behind Japan ($A1,58 million), the US (A$895 million), Korea ($A654 million) and Taiwan ($A206 million), according to Global Trade Atlas.
Although this was a 30% reduction in value on 2010-11, it was well above the five-year average of A$160 million.
A 37% year-on-year decrease in beef exports in 2011-12 contributed to the fall in the value of shipments to Russia.
Although Australia’s fourth largest export market for 2011-12, Russia remains a market that imports large volumes of frozen product, and consequently per tonne values remain relatively low, averaging A$4,507/tonne.
Frozen silverside/outside (31%) and manufacturing product (27%) accounted for the majority of exports, with chilled product accounting for just 2% of Australian shipments.
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