Economic Principles
Week 3 Assignment
Read the following excerpts from
‘Goat meat as alternative meat Source has producers Struggling to keep up With demand’
Jessica Schremmer
2 August 2019
consumer-demand/ 11374994
meat are Struggling to keep up With demand as consumers
alternative meats, and a dwindling supply due to the drought sees prices jurnp to record
Prices remain at $9—10 per kilo, after over-the-hook prices hit an all-time high of SIO.30 per
kilo carcase weight in May this
Meat and Livestock Australia’s Julie Petty said last time they saw a significant price spike was
in 2017 at S 7.50 but Current prices Were unprecedented.
-For a producer, if you do have animals that are readyto be sent to market it’S an excellent
to be receiving for these animals, • Ms Petty said.
However, She explained the drought and tough seasonal conditions forced many producers
to destock their properties sorme time ago, which led to a reduced supply.
-We are seeing increased strong demand on both the international and domestic market,
She said.
3/21/2020 53851 – Economic Principles Week 3 Assignment Read the following
https://www.australiabesttutors.com/Recent_Question/53851/Economic-Principles-Week-3-Assignment-Read-the-following 3/4
Goat Industry Council Australia’s Campbell McPhee said, as the world market was screaming
out for more of Australia’s goat meat, he hoped it encouraged sx•ople to invest in the
industry.
-Dorrrstically there has certainly an increase Of consumption Of goat meat and
for an alternative meat. •
use the demand and supp* (including a diagram or diagrams) to support an
explanation of why the price of goat meat has recently reached an all-time high according to
this excerpt.
Please also refer to the grading rubric that is available on MvUni, and ensure that you have
addressed the assessment Criteria found there.
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