Oz: pig supply shortfall raises prices
An increasing demand for pork products is not the
reason behind the increasing prices for Australian pigs, but rather the lack of
supply available. The dropping Australian dollar making imports less attractive
has also helped drive rates to record highs, after a lengthy period when pig
farmers were losing as much as 50c/kg.
Many Australian farmers quit the pig industry as it
became increasingly difficult to make a profit, therefore contributing to the
shortfall. In Forbes, NSW, 700 pigs are expected to be sold at the next
fortnightly sale, but it used boast as many as 2000 on a weekly basis.
Over-the-hooks prices increased 20 cents a kilogram (carcase weight)
this week to a high of $4.10/kg for pork (45kg to 60kg), and a top of $3.85/kg
for bacon pigs (60kg to 75kg), according to the National Livestock Reporting
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