Australian meat production falls
Data on meat production in Australia for the month of February was released today by the Australian Bureau of Statistics (ABS). The ABS reported that seasonally adjusted trends for production of beef, mutton, veal, lamb and pig meat were all done on last month’s trend figures.
Beef production did increase by 30,000 tonnes on last month’s figures but was still down by 14,000 tonnes on the corresponding month last year. Veal and lamb production figures were down both on last month and corresponding data last year, while mutton was up on the figure from both last month and February last year. Pig meat production decreased from last month but was still higher than last year’s February production.
As a result, the price of meat in Australia could be expected to rise due to the downward trend in supply.