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Goat Prices Soared in 2015

31 December 2015
Meat & Livestock Australia

AUSTRALIA - Australian over-the-hook goat indicators remained at record levels during 2015, assisted by strong international demand, a lower A$ and tighter supplies over the winter months, according to reports from Meat & Livestock Australia (MLA).

The A$ has fallen to its lowest point in five years, dropping below 70US¢ in October 2015, which has supported Australian goat meat exports and boosted returns, MLA said.

Eastern states over-the-hook goat indicators, reported by MLA’s NLRS, have continued on an upward trajectory throughout 2015, with the 12.1-16kg cwt goat indicator 39 per cent, or 141¢, higher year-on-year in December, averaging 504¢/kg cwt for the month.

Australian goat slaughter for 2015-to-date (January to October) reached 1.75 million head – relatively unchanged on the corresponding period last year (Australian Bureau of Statistics).

Goat slaughter in Victoria was 8 per cent higher year-on-year for the ten month period, to 791,435 head, offsetting declines in Queensland (down 3 per cent, to 614,724 head), SA (down 17 per cent, to 232,620 head) and NSW (down 1 per cent, to 93,177 head). Interestingly, in WA, the number of goats processed during January to October jumped 65 per cent year-on-year, to 15,564 head.

Australian goat production eased 2 per cent on year-ago levels, for the January to October period, to 26,545 tonnes cwt, with the increase in Victorian production not enough to offset the declines in Queensland, NSW and SA.

Despite solid demand from international markets, lower production saw Australian goatmeat exports decline 17 per cent year-on-year, 27,100 tonnes swt for the year-to-November (Department of Agriculture).

More than half (58 per cent) of Australia’s total goat meat exports were shipped to the US (15,722 tonnes swt) during the 11 month period, although down 10 per cent year-on-year, MLA said. Export volumes to Taiwan (3,455 tonnes swt), the Caribbean (1,929 tonnes swt), and Canada (1,509 tonnes swt) were 27 per cent, 15 per cent and 27 per cent lower year-on-year, respectively.

Live goat exports increased 3 per cent year-on-year, reaching 69,800 head for the year-to-September (ABS). The majority of Australia’s live goat exports are destined for Malaysia, accounting for 94 per cent of the total in 2015 so far.

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