Aussie goatmeat exports 20% stronger than 2020
Australian goatmeat has become the strongest red meat export commodity in 2021. In 2021, overall goat exports are operating 20%, or 1,696 tonnes, better than 2020 year-to-August levels, driven by continued growth in the US and explosive volume upticks from South Korea, with its exports rising 97% this year. Annually, the US accounts for 67% of total goatmeat export volumes, demonstrating its significance for Australian red meat producers as a market. In 2021, the country’s export volumes have seen a 25% uptick year-to-date, informs Meat and Livestock Australia (MLA).
Year-to-date slaughter volumes in 2021 are 30% stronger than 2020 levels, or 234,000 head, while pitted against the five-year average, they are 30% softer, or 234,000 head. Indeed, the improved slaughter volumes compared with 2020 and the national goat herd’s rebuild from drought has been positively supported by the 2021 over-the-hooks (OTH) price, which is 3%, or 28c/kg cwt, stronger than the 2020 average in year-to-date prices.
With producers increasingly looking to incorporate goats into their operations as a managed enterprise option, Australian goat exports are outperforming 2020 levels on the back of this slaughter volume strength.
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