Australia's sheep industry projections report shows positive signs
Published May 31, 2023
"The Australian sheep industry has placed itself in an exceptionally exciting position for 2023 and beyond."
While there may be uncertainty in the Western Australian sheep and wool markets, there are some positive signs for the future according to Meat & Livestock Australia's (MLA) 2023 Sheep Industry Projections report. In the report which was released in February, MLA said overall Australia's sheep industry was in an exciting position of continued growth and development, with local production and the flock forecast set to rise, while global demand for high quality sheepmeat in established and emerging markets continues. "The industry's ability to continue to deliver high quality protein and be a world-leading producer will define 2023 as a positive and optimistic year," MLA said. "Over the next 12 months, the continuation of Australia's flock growth will translate into higher slaughter volumes across both lambs and mutton, resulting in solid increases in exports. Read more: "This trend will be a closely followed development throughout 2023 for the Australian sheepmeat industry. ...