Aussie meat sales set for fever pitch

Mercury (Hobart) - - BUSINESS -

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.

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