Pork consumption in Australia to drop by 20%
Pork consumption and sales in the Australian market are to experience a drop of 20% in this time of market disruption caused by COVID-19, believes Australian Pork Limited (APL) CEO, Margo Andrae. In a press release from APL, Mrs. Andrae estimates that foodservice deliveries accounts for 25% in the Australian pork market and the impact of restaurant closure is to be reflected by both prices and sales volume.
"Australian processors have a combined weekly throughput of 100,000 pigs. They are doing everything possible to uphold employee wellbeing to keep their businesses operating. Our entire supply chain, including processors, will continue to navigate the challenges posed by COVID-19 and respond as circumstances evolve, in line with expert advice. The foodservice trade, representing about 25% of our sales, is experiencing a devastating downturn of up to 90%. That drop is having an impact on pork prices. Asian restaurants, where pork is an important part of the cuisine, have evidently been hit the hardest and it’s clear the viability of many foodservice businesses is on the line", she explains.
The industry's value is $3 billion and supports more than 35,000 jobs. The annual consumption of pork in Australia has increased by 10% in the last year, reaching to almost 10 kilos of pig meat consumed by the locals. However, a big part of the increase in pork consumption in Australia is attributed to the foodservice sector and one way to support the local industry is to place online orders, according to APL head.
"I encourage consumers to support foodservice businesses during this critical time. Home delivery services are a great way to support your favourite restaurants, even if you’re eating at home. That support is just so important for these businesses and their employees," says Margo Andrae.
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