Tridge summary
By 2024, Australia's pork production is projected to rise by 2% to 480,000 MT (CWE), driven by recent increases in beef and lamb prices. This is expected to slightly boost exports and reduce imports. Pork imports are anticipated to remain steady at 210,000 MT (CWE) in 2024, with the US as the main supplier. Australia exports less than 10% of its pork, but exports are predicted to rise to 45,000 MT (CWE) in 2024. Pork consumption in Australia is also expected to see a slight increase in 2024, reaching 645,000 MT (CWE).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2024, Australian pork production is forecast to increase by 2% to reach 480000 MT (CWE), following strong growth in 2023, which was stimulated by the rapid rise in beef and lamb prices in Australia in recent years. years. The increase in pork production is expected to result in a small increase in exports and lower than usual imports. Australian pork imports are expected to remain stable at 210000 MT (CWE) in 2024. The cost of pork imports from the United States returned to being lower than the European Union in 2023, which is expected to continue into 2024 As a result, imports from the United States should once again represent more than half of total imports. Australia exports less than 10% of the pork it produces. Exports in 2024 are expected to ...
Source: 3tres3
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