Gra­ziers get hot tips on the beef mar­ket

Dec­i­mated pig herd drives China to de­mand beef

The Western Star - - News - James Liveris [email protected]­ern­

PORK con­sump­tion in China is at an all time low, and with a 50 per cent de­crease in sup­ply the shift for a sub­sti­tute pro­tein presents an op­por­tu­nity for western Queens­land.

As China moves to be­come the big­gest mar­ket for Aus­tralian beef ex­ports, Rabobank hosted an event at Ken­ton and Amy Peart’s Dun­ve­gan prop­erty at Charlevill­e ear­lier in the week to dis­cuss im­pli­ca­tions for Aus­tralia’s beef sec­tor and lo­cal gra­ziers.

About 60 gra­ziers from across the re­gion – Yuleba, Cun­na­mulla, Charlevill­e, Mor­ven, Au­gathella, Mitchell, Roma, In­june and Cooladdi – gath­ered as Rabobank’s se­nior an­i­mal pro­teins an­a­lyst Chen­jun Pan, who was vis­it­ing from China, talked on the im­pact of African Swine Fever on the Chi­nese pork in­dus­try and how con­sumers were sub­sti­tut­ing pork for other pro­teins, in­clud­ing beef.

Ms Pan said there was a short-term op­por­tu­nity upon which gra­ziers in western and cen­tral Queens­land could cap­i­talise.

“African Swine Fever and trade wars have caused an es­ti­mated 50 per cent drop in the pork sup­ply with prices soar­ing af­ter Au­gust,” Ms Pan said.

“We ex­pect that next year when there is fur­ther de­cline in the pork meat pro­duc­tion, be­cause a lot of the breed­ing herd have gone this year, it will take more than five years for the whole herd to be re­stored and re­cov­ered to its pre­vi­ous level.

“This pe­riod will of­fer op­por­tu­nity for other pro­teins.”

Other pre­sen­ters in­cluded Rabobank’s Aus­tralian­based an­i­mal pro­teins an­a­lyst An­gus Gi­d­ley-Baird, Gavin White­ley, RCS gen­eral man­ager David McLean and Alec Duffy from Ma­iaGraz­ing.

Mr Gi­d­ley-Baird said there was a pos­i­tive trend for gra­ziers all over


“From an Aus­tralian beef point of view, we’ve seen ex­ports to China in­crease by 67 per cent year to date from Au­gust,” he said.

“They are pro­vid­ing very strong de­mand in the mar­ket at the mo­ment.

“There is a good un­der­ly­ing de­mand to cap­i­talise on.”


BEEF UP: Mur­ray Dou­glas from Clis­sold Downs, In­june, Bruce Crighton from Ivan­hoe Downs, Mor­ven, and Bean Sch­midt from Charlevill­e.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.