Australian pig prices are on the up
The Australian pig industry has been suffering
financial losses for the past year, but pig producers are now finally looking
set to reap the rewards of hanging on and getting through the industry's most
An influx of imports and low prices prompted many
producers to exit the industry in recent months but the ensuing shortage of pig
meat has resulted in new price highs.
Australian Pork Limited chief
executive Andrew Spencer said that, with the exception of Western Australia
where prices have remained mostly stagnant, producers across Australia are now
enjoying good returns.
"In the past two months prices have risen
remarkably quickly and sharply, and they are not showing any signs of
plateauing," he said.Click here for the free Pig Progress
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