In this file:
· AU: Lamb roasts hit $50 as red meat prices soar
… Supermarkets and butchers across the country have been forced to jack up the price of lamb and beef amid soaring prices caused by ongoing drought conditions…
· AU: Surging demand pushes up price of WA meat
… butchers have confirmed wholesale price rises have forced them to increase their prices for lamb and beef. Volumes of red meat sent to China have increased 48 per cent in the past year, Japan is up 8 per cent and South Korea has increased its volumes 15 per cent, according to Rabobank…
Lamb roasts hit $50 as red meat prices soar
The price of lamb and beef across the country has skyrocketed amid ongoing drought conditions, with a humble Sunday roast becoming increasingly out-of-reach.
Frank Chung, News.com.au (Australia)
March 13, 2019
Supermarkets and butchers across the country have been forced to jack up the price of lamb and beef amid soaring prices caused by ongoing drought conditions.
Strong export demand from Asia is also leading to higher prices.
According to the ABS, meat and seafood prices rose 1.6 per cent in the December quarter, led by lamb and goat which increased 6.3 per cent. A typical 2.5kg lamb roast now costs nearly $34 at the major supermarkets and up to $50 at some butchers.
Independent Sydney butchers told The Daily Telegraph they had been forced to raise the price of red meat by as much as 15 per cent in the past 18 months amid supplier cost increases of up to 25 per cent.
Coles, Woolworths and Aldi all confirmed they had raised their prices.
“Food prices have been largely stable across the board, but we continue to monitor commodity markets and feedback from our suppliers closely,” said Woolworths head of meat Chris Croese.
“The drought has increased the price of beef and lamb on livestock markets and we’ve been working to absorb as much of these cost pressures as we can over the past year. We understand the cost-of-living pressures facing Australian families and continue to focus on delivering competitive meat prices for our customers.”
Coles said it had a “proud Australian-first sourcing policy and 100 per cent of our fresh meat is sourced from Australian farms”.
“Recently, we have seen increased cattle and lamb prices in Australia, due to a number of factors including export demand, grain pricing, and drought conditions,” a spokeswoman said.
“As a result, the wholesale cost of some red meat products have risen...
Surging demand pushes up price of WA meat
Jenne Brammer, PerthNow (Australia)
March 12, 2019
WA shoppers are paying more for red meat as surging international demand, the Eastern States drought, and higher grain prices push up prices.
Woolworths, Coles and several Perth butchers have confirmed wholesale price rises have forced them to increase their prices for lamb and beef.
Volumes of red meat sent to China have increased 48 per cent in the past year, Japan is up 8 per cent and South Korea has increased its volumes 15 per cent, according to Rabobank.
Coles is selling porterhouse steak in Perth for $31.50/kg and lamb shoulder for $28/kg.
Woolworths is selling WA fillet steak for $42/kg and lamb cutlets for $39/kg.
Creative Meats, which operates from The Herdsman at Floreat, said meat prices usually spiked at Christmas, but this year they had not fallen after the festive period.
That came after increases over the past 18 months.
A Creative Meats spokesman said fillet steak was wholesaling for 20 per cent more than four months ago, some of which was being passed on to shoppers.
Greenwood-based Barbaro Butchers said it was paying more for beef and lamb than a year ago.
Raff Barbaro said his business had absorbed some of the price increases, but a portion was being passed on to customers.
A Coles spokesman said cattle and lamb prices were increasing because of export demand, feed grain pricing, and drought conditions...