Highlights
- Pork industry worth $3 billion.
- Price for pork up 60% in the last 12 months to $4.
- African swine flu in Asia and strong domestic demand underpin a positive outlook.
Australian piggeries are back in fashion as the industry records decade high slaughter rates and production increases to meet export and domestic demand.
Approximately 1.4 million pigs provided 108 million tons of pork in the March quarter, according to ABS data.
With the value of piggeries and associated industry worth more than $3 billion according to the Australian Pork association, it might be time to trot on down to the local butcher and put some pork on your fork.