The year 2017 has seen the start of Australia’s largest animal husbanding boom in a decade.
The meat and fish industry is booming with over $500 million in beef, pork, lamb, pork and veal sales in the first quarter of 2017, according to a new report from the Australian Pork Association.
“The number of tonnes of Australian beef has grown by more than 300 per cent, with demand up by nearly a third since the start, and demand is expected to continue to grow,” the report states.
Beef production is projected to reach 3.4 million tonnes by 2021, up by about 60 per cent from 2020, and is projected at 4.1 million tonnes in 2021, according the Australian Meat Industry Association (AMIIA).
The industry is predicted to produce about 15.8 million tonnes of beef by 2021.
“Demand for beef is up by more then 60 per per cent since the beginning of 2017,” AMAI president and CEO David Young said.
In the first six months of 2017 alone, the industry recorded a total of $9.5 million in sales, up more than $4 million from the previous quarter.””
While there is some supply in some areas, there are also areas where demand is still weak.”
In the first six months of 2017 alone, the industry recorded a total of $9.5 million in sales, up more than $4 million from the previous quarter.
“The first quarter 2017 sales figures come as the industry continues to grow, with a forecast of a 20 per cent increase in demand for beef by 2020.
This is an opportunity to continue delivering the best meat products to the market. “
In the second quarter of this year, we expect the industry to continue its growth and continue to see demand grow,” Young said, adding that the meat industry is “going to continue growing and growing at an incredible rate”.
Young said the meat and poultry industry is set to benefit from “significant tax reform” in the near future.””
For example, the first four months of this quarter, our industry recorded sales of over $100 million, with meat and beef exports up by $2 million to $26.2 million.”
Young said the meat and poultry industry is set to benefit from “significant tax reform” in the near future.
“There is significant tax reform being considered, and it is very important that this tax reform includes the meat trade in the broader economy as well as our own,” he said.
“We are very encouraged by the strong demand from the meat sector for meat products and we look forward to continuing to drive up demand for these products.”
The AMAI said the industry is expected “to have the biggest impact” on the economy.