Why meat is costing more
ABCIt is not your imagination, meat is costing more right now. Key points: The price of cattle has skyrocketed during the pandemic, pushing up meat prices One of the biggest factors has been the lack of stock on the market after the most recent east coast drought Herds are now rebuilding, but international demand should keep prices high According to Meat and Livestock Australia, the meat industry's marketing and research body, retail prices are up 10 per cent per kilogram compared to this time last year. "Seventy per cent of Australia's stock or sales is through export markets and we've had really strong demand during COVID in high value markets such as Japan, Korea, the Middle East, and the US," he said. "High demand in those high value markets puts increased pressure on retail prices here domestically." "But also domestically, as we see the food service sector start to recover this year, which is high value product, we actually see or forecast continued buoyant prices."
History of this topic
Cattle prices are down and the herd is growing, so why is steak still so expensive?
ABCCattle prices fall 40 per cent in recent months with supermarket meat prices slowly starting to fall
ABC
Meat prices soar due to short supply
Deccan ChronicleDiscover Related
Shopper stunned by the ridiculously low cost of her massive grocery haul: 'This is unheard of in Australia right now'
Daily Mail
