Australia: Where to for goatmeat prices?

Goat Meat
Published Mar 8, 2023

Tridge summary

While the decrease in goat prices over the past nine months has caused concern among some producers, Australian goat processors say the price has opened some export doors for the industry. Any change in export demand is significant, given the Australian goatmeat industry is heavily reliant on the export market – only about 9% of domestic production is consumed in Australia, with the rest exported to overseas markets.

Original content

MLA’s National Livestock Reporting Service (NLRS) data shows since mid-2022, the average over-the-hooks price has dropped from over $9/kg carcase weight (cwt) to below $4/kg cwt. The price correction has resulted in many former export markets re-emerging, according to Campbell McPhee, Managing Director of Western Meat Exporters (WME), Charleville, Queensland. WME processes 13,000 to 15,000 goats weekly, and exports 86% of its product with the balance supplying an ever-increasing domestic market. “As the goatmeat price looks to find a balance, it has certainly opened up more markets around the world and it has been a real advantage to the industry to help with throughput,” Campbell said. “All of a sudden, some of our old customers are able to come back in and afford the product, so the actual movement of goatmeat is going back to where it used to be before the COVID-19 pandemic. “Some of the old markets which are re-emerging and able to take greater volumes include Japan, the ...
Source: Mla
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