BEEF FOR GERMAN!

Evening Star, Issue 18044, 11 August 1922, Page 7

BEEF FOR GERMAN!

AUSTRALIA SELLS 10,000 TONS. REJOICING IN TRADE. Australian exporters have just sold to Germany about 8,000 tons of frozen beef and 2,000 tons of frozen mutton. Shipment will commence immediately. The meat will go from tho Queensland works.

This sale is looked upon as the best news in tho beef industry for a long time (states the Sydney correspondent of tho Melbourne ‘Ago.’). The shipment represents about 25,000 cattle, and it is hoped that it is the forerunner of further business. The prices have not been disclosed, but it is understood that they compare more than favorably with the ruling rates in tho London market to-day. Australian meat has been occasionally sold to Germany in pre-war days, but only in small quantities. The present sale is quite the most important Australia has yet effected. A man in the trade stated that one of the things to be remembered about the sale to Germany was that whatever beef was sold there was so much loss on tho London market. Tho trouble for several years had been that London was practically the only market in the world for the surplus meat of Australia, New Zealand, North and South America, and South Africa. It became tho dumping ground, as it was overloaded, more particularly while hoof prices were naturally low. After a while it was practically impossible to sell like the full quantity of moat available. If they could only develop markets elsewhere there was a better chance for an improvement in the Loudon market. It is pointed out that the Queensland meat works will now be able to take all of tho cattle in Queensland available for export this season.