Australia: Goat production set to smash records again amid price pain

Published Aug 19, 2024

Tridge summary

Australia's goatmeat industry is expected to have a record year in terms of production and exports, with over 750,000 goats processed and 11,777 tonnes of goatmeat produced in the first quarter of 2024. However, producers are struggling with the low pricing of the product, leading to concerns about the sustainability of the industry. Despite the challenges, there is growing demand for high-quality goatmeat both domestically and internationally, particularly in southern Asia and China. Factors such as increased processing capacity and diversification of export markets are crucial for the industry's stability and growth.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia's goatmeat industry is set for another record year of production and exports, but producers are continuing to struggle with pricing they say is simply not viable. New records set in the Australian goatmeat sector in 2023 for both slaughter and production could be smashed this year, based on how high production was during the first quarter. More than 750,000 goats were processed in Australia during the first quarter of 2024, while 11,777 tonnes of goatmeat were produced. According to Meat & Livestock Australia National Livestock Reporting Service, the average over-the-hook price as of June was 163c/kg, along way down from the $9/kg heights seen in 2022. Meat & Livestock Australia market insights analyst Emiliano Diaz said the quarter one figures for production showed it was tracking 45 per cent higher than last year, while data from January to June 2024 showed exports were up 54pc for the same period. "It's a combination of supply and more processing capacity... TFI ...
Source: Farmweekly
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