Australian pork production is projected to decrease by 3% in 2023 to 425,000 MT due to high feed grain prices compared to pork prices, potentially leading to lower slaughter numbers and production in later 2023. Despite this, pork consumption is expected to slightly decrease to 630,000 MT in 2023, following a record high in 2022. Twenty-five percent of Australia's pork needs are met through imports, which are expected to remain stable at 240,000 MT in 2023, and exports are also expected to remain steady at 35,000 MT in 2023.