The eastern states over-the-hooks goat price for medium weights (16-20kg carcase weight) reached a five-year average peak of 283¢/kg in mid-August 2006, according to Meat and Livestock Australia.
But since then, MLA says the over-the-hooks price has dropped to a five-year average low of 151¢/kg in mid-March 2008, before recovering to 168¢/kg by the end of the year.
MLA reports that average prices during 2004, 2005 and 2006 escalated year by year, from 212¢ in 2004, through to 251¢/kg in 2006 for 16-20kg goats.
In contrast, average prices in 2007 and 2008 were lower, averaging 214¢/kg and 169¢/kg, respectively, for medium weights.
MLA says the reduced rates for goats over the past few years have been due to a combination of higher supplies (with dryer seasonal conditions in the interior regions causing more goats to become available) and weaker demand, due to reduced processor competition and weaker export demand.
The reduced export demand from the beginning of 2007 to mid way through 2008 has been predominantly due to the increase in the Australian dollar versus the currencies in the main exporting markets of Indonesia, Malaysia, the US and the Caribbean.
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