Austrtalias's pork and poultry industries have experienced a boost over the past year, buoyed by the higher prices for beef and lamb as well as improving productivity and relatively low feed costs, according to National Australia Bank’s (NAB) May Rural Commodities Wrap.
NAB’s General Manager of Agribusiness, Khan Horne, said the pork and poultry industries are enjoying solid conditions.
“For the Australian pork industry we’re seeing a return to strength following a significant restructure in recent years. In 2011-12 per capita consumption is forecast to increase to 24.8 kgs, slightly down on records but none-the-less stable and set to incrementally increase.” In the past ten years to 2010-11, imports as a proportion of domestic consumption have grown from 15 per cent to 48 per cent.
In 2011 the industry bucked this downward trend with Australian pork production increasing 1.7 per cent increase, with further increases expected in 2012.
Tuesday June 5, 2012/ Stock Journal / Australia.