Goat prices go from strength-to-strength in 2016

13 December 2016

Australian over-the-hook export goat indicators reached unprecedented levels in 2016, moving from strength-to-strength as the year progressed – largely underpinned by tighter supplies, the development of new processing facilities and growing demand for the end product, both domestically and overseas. The A$ did drop below 70US¢ in January 2016, but has since hovered around 75US¢ for the remainder of the year, which has provided further support for Australian goatmeat export returns. 

The eastern states over-the-hook export goat indicator (12-16kg cwt) reached a top of 611¢/kg cwt in 2016, and averaged 556¢/kg cwt for the year – 261¢ higher than the five year average (295¢/kg cwt).

The average weekly eastern states goat slaughter for 2016-to-date was 27,997 head – 15% lower than the five year average (32,449 head). The tighter supplies were largely due to the wetter conditions and a previous extended period of high slaughter having an impact on numbers in paddocks and rangelands.

Australian goatmeat production for January to October 2016 eased 11% year-on-year, to 23,623 tonnes cwt (Australian Bureau of Statistics). Victoria accounted for almost half of the total, at 11,389 tonnes cwt, to be firm year-on-year.

Despite solid demand from international markets, lower production saw Australian goatmeat exports decline 21% from year-ago levels, to 23,797 tonnes swt for the year-to-November (Department of Agriculture). Shipments to the US accounted for 66% of total exports for the year-to-date, at 15,776 tonnes swt, to be firm year-on-year. Other top export destinations for the year included:

  • Taiwan – down 19%, to 2,782 tonnes swt
  • Caribbean – down 19%, to 1,558 tonnes swt
  • Korea – down 11%, to 1,359 tonnes swt

Solid demand and growing investment in the industry is likely to continue providing support for the Australian goat market in 2017.

Back to News

Join myMLA today

One username and password for key integrity and information Systems (LPA/NVD, NLIS, MSA & LDL).

A personalised online dashboard that provides news, weather, events and R&D tools relevant to you.

Customised market information and analysis.

Learn more about myMLA

myMLA Sign Up

Already registered for myMLA?

Sign in here