July 29, 2008

 

Imports hamper Australia's recovering pig industry

 
 

The continuous influx of pork imports is impeding Australian pig producers, during a time when the country's ailing pig industry is finally recovering with pig prices starting to climb.

 

According to Farmonline, pig farmer Daryl Fielke said the incursion of imports is the major challenge that Australian pig producers face.

 

Although pig prices started increasing a few weeks ahead than in a typical year, profits have been kept low by high grain prices, which pushes up feed costs, said Australian Pork Limited Chief Executive Officer Andrew Spencer.

 

Mr Spencer added that pork prices are expected to continue rising next year.

 

Last year, Australia's pig farmers experienced the worst-ever market conditions due to numerous detrimental factors such as droughts, record levels of imports, a strong Australian dollar and soaring grain prices.  

Video >

Follow Us

FacebookTwitterLinkedIn