Goat production in Australia 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 2024 with increased production and exports, but producers are struggling with low pricing. The industry has seen a surge in production and exports, with over 750,000 goats processed and 11,777 tonnes of goatmeat produced in the first quarter. However, the average over-the-hook price has dropped significantly from the previous year. The industry's future relies on establishing a diverse and consistent export market to maintain stability, as domestic consumption is negligible.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It's expected to be another big year for Australian goatmeat production. File picture. 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. All articles from our website & app The digital version of This Week's Paper Breaking news alerts direct to your inbox All articles from the other agricultural news sites in your area 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 ...

Source: Queenslandcountrylife