How new products could boost Aussie goat over-the-hooks prices by $2/kg

Published 2024년 12월 22일

Tridge summary

A partnership between Greenleaf Enterprises and Thomas Foods USA, with funding from the Meat & Livestock Australia Donor Company, has discovered that creating value-added goat meat products in the US, such as goat mince and pre-cooked options, could raise the over the hooks goat price in Australia by up to $2 a kilogram, stabilizing the market and generating an additional $36 million for producers annually. The project targets North American retailers and consumers, particularly those in coastal and large cities with a high population of Northern African, Asian, Caribbean, and Muslim consumers. Thomas Foods USA is already selling frozen goat cubes and has introduced fresh and frozen ground goat, with plans to introduce more products like pulled goat leg. The initiative aims to enhance goat meat's market value and consumer awareness, highlighting its benefits like high protein, low cholesterol, and no GMOs or antibiotics, and to expand its reach in various global markets.

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

Original content

Developing value-added goat meat products for the US market could help boost Australia's over the hooks goat price by up to $2 a kilogram and break the commodity's boom or bust cycle. Moving beyond the traditional six-way cut with new goat meat products such as goat mince and pre-cooked meal options could help to both increase and stabilise the farm gate price. That's according to work done by Greenleaf Enterprises in conjunction with Thomas Foods USA with funding from the Meat & Livestock Australia Donor Company. The project looked at growing value and market share in North America for Australian goat meat producers and the resulting report found that selling a million goats, averaging 18kg dressed, at an additional $2 per kilogram over the hooks, would equate to an additional $36 million per year for the producer. Thomas Foods USA vice president of marketing and innovation Danielle Marta said the company was already offering frozen bone in goat cubes in the market already in ...

Source: Farmweekly