March 10, 2008

Australia's poultry consumption forecast to increase
 

Australia's annual per capital poultry meat consumption is forecast to increase more than one kg per year to 40.5 kg by 2012-13.
 

Annual domestic production of poultry meat will increase by 9 percent to 940,000 tonnes in 2007-2008, according to a forecast by the Australian Bureau of Agricultural and Resource Economics (ABARE).

Retail poultry prices in 2009 are likely to be at AU$5.36 per kg, said the ABARE outlook report.

ABARE also expects poultry prices to be down by 8 percent in mid-year, as a rise in productivity and lower grain prices increase the competitiveness of poultry meat.

AU$1 = US$0.9 (March 10, 2008)