Australia’s pig industry bucking up
The National Australia’s Bank (NAB) May Rural Commodities Wrap reports that Australia’s pork and poultry industries are reviving, due to low feed costs and the relatively higher prices demanded for competing meats such as beef and lamb.
Significant restructuring in recent years to the industry appear to have borne fruit, despite increasing competition from imports. In the past ten years, imports as a proportion of the domestic production grew from 15% to 48%. Australian pork production increased by 1.7% in 2011, and further increases are expected.
Australian pork producers are focusing on the fresh meat market, given that in this area importers face greater restrictions.
Source: the Farm Online Stock Journal
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