Goat production is growing across Australia

Published 2023년 5월 29일

Tridge summary

Australian goat production has experienced a surge, growing for the second year in a row following a low in 2020, with a 37% increase in 2022. Despite this, prices have remained low, with the average over-the-hook price currently between $3.20 and $3.37 cwt. The country leads in goatmeat exports, with the US, South Korea, Canada, Taiwan, and Trinidad & Tobago as the main markets. Domestic consumption of goatmeat is projected to grow at a CAGR of 4.9% over the next five years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Goat prices remain well down from mid-2022, as production continues its growth trajectory. Australian goat production is continuing its upward trajectory, growing for a second consecutive year following the 20-year low in 2020, but prices remain subdued. The Meat & Livestock Australia Global Goatmeat Snapshot shows that goatmeat production in 2022 increased 37 per cent on the previous year, totalling 28,463 tonnes carcase weight. The average over-the-hook price for goat is currently between $3.20 and $3.37 cwt, down from $9/kg in mid 2022. Despite the higher processing volumes, average carcase weights maintained over 17kg per head in 2022, contributing to the increase in production. Production lifted in all states, with Victoria processing the most at 933,496 head, followed by Queensland at 455,309 and South Australia at 235,046 head. NSW is considered Australia's largest source of goats, supplying abattoirs in Victoria, Queensland and South Australia. Despite producing only a ...

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