Weekly kill: Grid prices reach two-year high, but supply response is limited

Government intervention is urgently required to safeguard the future of the Australian meat processing industry, as it deals with operating costs which are dramatically higher than key global competitors, according to the Australian Meat Industry Council.

Impacted by high labour costs, regulatory burdens and spiralling energy charges, the cost to operate within the Australian beef processing sector ranks far worse than international competitors, and threatens the very viability of Australia’s red meat export sector, an important economic analysis released this morning shows.