September 18,2003

 

 

Outlook For Australian Poultry and Products 2003

 

Australian poultry production is forecast to continue growing from record levels of 2003/04.  Production, however, has been constrained by reduced feed grain supplies and record high feed grain prices resulting from one of the worst droughts in a century.  Exports amounted to only 3 percent of total production in 2002/03, making poultry a relatively unique industry within Australia's largely export orientated agricultural sector.  Australian quarantine regulations prohibit the importation of fresh chicken meat.

 

SITUATION AND OUTLOOK

 

Australian poultry production is forecast to continue growing from record levels achieved in 2003/04, albeit at an incremental rate.  Strong domestic demand for poultry meat combined with higher retail prices for alternative meats provided incentives to poultry producers to increase production.  Production, however, has been constrained by reduced feed grain supplies and record high feed grain prices brought on by one of the worst droughts in a century. According to the Australian Bureau of Agriculture and Resource Economics (ABARE), poultry production has increased every year since 1993 when annual production was only 482 thousand metric tons. Incremental increases put estimates of 2007/08 production at 877 TMT.

 

 

 

For more details, read the full report in eFeedLink Global News, 2003 Outlook For Australian Poultry and Products.

 

 

To access full details of above report, you need Individual or Corporate Membership of eFeedLink Information and e-Services Website.

 

Click Here to sign up for 2-week Free Trial !