Market Morsel: Thanks, me old China
Total Australian lamb export volumes for November trended sideways increasing just 217 tonnes swt from October to see 24,369 tonnes consigned.
This puts the November 2020 monthly figure 3% ahead of the five-year average seasonal level for November. Total lamb export volumes managed to hold steady despite a 5% easing in flows to the USA. November lamb exports to the USA came in at 5,249 tonnes swt, 4% under the seasonal average for this time in the year.
Coming to the rescue of Aussie lamb producers/exporters was China, posting a 16% lift in volumes from October to November to see 5,300 tonnes swt exported. This represents levels 14% above the five-year trend for November.