Poultry Consumption Rising in Australia
AUSTRALIA - A recent survey has revealed that Australia's annual per capital poultry meat consumption is set to rise by more than one kilogram per head per year, to 40.5kg by 2012-13.According to the news agency Food Week Online, Abare has forecast that by that time, annual domestic production will have climbed 9% on 2007-08 levels, to 940,000 tonnes.
Retail poultry prices next financial year are likely to be around this year's level, $5.36/kg, according to the Abare Outlook report, to be published in Rural Press agricultural weeklies.
In the medium term, Abare expects poultry prices to ease by 8% (in 2007-8 dollars) as productivity gains and lower grain prices lift the meat's competiveness.