Australian pigs are flying high while virus is kept at bay

Published 2021년 8월 23일

Tridge summary

Australia has seen a 25% increase in pork exports due to the country's success in keeping African Swine Fever out, a disease that has decimated pig herds globally, particularly in China. This has opened up opportunities for Australian pork producers, with nations like the Netherlands, Italy, and Germany increasing pork imports by substantial margins. However, the pork industry has been negatively impacted by pandemic-related restaurant closures in Australia, despite the domestic pork price being around 50 cents above breakeven. The industry has also undergone a period of consolidation due to high grain prices between 2017 and 2019.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia's success in keeping African Swine Fever out of the country has led to a boom in pork exports. Export volumes have risen nationally by 25 per cent, Queensland pork exports are up 42pc in the past year. Australia is spending millions trying to keep ASF out now it is knocking on the door having reached Papua New Guinea after decimating herds across the world. The Federal government this year allocated $370 million to biosecurity protection, with $60 million dedicated to protecting Australia's pork industry. China's ASF woes are the single biggest factor in global meat demand which still could be years away from repair. China is estimated to have lost about half of its national pig herd from its 2018 levels. Experts say it is is no coincidence there has been an increase in ASF-free Australian piggery values by 25pc since then. Some countries have even increased pork imports by volume such as the Netherlands (177pc), Italy (110pc) and Germany (128pc). This in turn is opening ...

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