Beef and cattle industries in Australia are not forecast to continue benefiting from the sustained growth in prices they enjoyed in 2001. According to industry association Meat & Livestock Australia , the 30% price increases witnessed last year will slow due to a slump in demand in Japan and a worldwide economic downturn.
According to industry association Meat & Livestock Australia, the 30% price increases witnessed last year will slow due to a slump in demand in Japan and a worldwide economic downturn.
However, prices are expected to remain favourable until 2004-2006, and the diverse export base will help protect exporters from slumps in individual markets.
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