Sunday, December 5, 2010

POTENTIAL BEEF INDUSTRY PAYOUT FROM A NATIONAL BEEF GRADING CODE

If every Australian ate one extra 187g meal of beef every three weeks, the number of meals of beef eaten would increase from 2.2 to 2.53 per person per week. Apparent annual consumption would jump by 4.9kg from 35.6kg to 40.5kg per person. At the average retail price of $15.55/kg the annual payout to industry would be and additional $1.08Bn.

For more details on the projected industry return from a national beef grading code CLICK HERE.

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