Australian pig farmers under threat
The continuous impact of drought, record levels
of pig meat imports to Australia and a sturdy Australian dollar are factors that
have brought the pork industry down.
Andrew Spencer, chief executive of Australian Pork
Limited (APL), said these factors together, create the worst operating
environment for Australian pig farmers in living memory.
said, "The greatest impact has been the skyrocketing price of feed grains, added
to this have been record levels of imports displacing Australian-grown pork,
particularly in the manufacturing sector.â€
â€œThe high dollar has been responsible for slowing down pork
exports to major export markets like Singapore. Pork normally destined for
Singapore has been pushed back onto our already oversupplied domestic market, â€œ
In dollar terms Australia's pork industry is bleeding at a
rate of around $3-4 million per week in losses, Spencer said.
are currently losing on average more than $30 per pig sold.
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