Australian pig price rise with short supply
Pig prices are set to rise in Australia before
Christmas in the face of a shrinking market.
There are reports, according to Michelle Lepparde, market analyst with the
National Livestock Reporting Service, that some retailers and wholesalers will
be out of stock at Christmas time due to the short supply of pigmeat.
Lepparde said that if supplies become more scarce between now and
Christmas, prices could be rather high and might remain high afterwards due to
the lack of supply.
Demand for weaner pigs
"Producers have managed to avoid higher production
costs for weaners," according to Steve Nutt, livestock salesman with William
Inglis and Son. Approximately 80% of their business' yardings are now comprised
of weaners. "There exists a niche market for weaners in Sydney by supplying
Chinese and oriental restaurants," he said.
He predicted that prices
would be dearer during Christmas, but would not rise to the high levels of
No extremes expected
In a comment,
the National Livestock Reporting Service said that pork prices are not
expected to skyrocket. The price rising tendency in the lead up to
Christmas is a well-known phenomenon as every year there is a demand for bone in
legs, the service said.
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