Aussie meat sales set for fever pitch
GLOBAL meat production will continue to fall as African swine fever decimates the world’s protein market, meaning Australian farmers could fetch heftier prices for their animals, analysts say.
Agriculture-focused lender Rabobank says Australia stands to benefit from limited global protein supplies over the next year.
The bank’s Global Animal Protein Outlook 2020 report says China’s pork production losses will exceed the growth in pork production in all other regions combined.
African swine fever kills about 80 per cent of the pigs it infects and during 2019 has spread throughout SouthEast Asia and some European countries. It has never occurred in Australia.
Rabobank said while strong beef and sheepmeat prices have been a “godsend” during the drought, the inability for many producers to fully capitalise on the higher prices has been frustrating.