The Hon. David Littleproud MP
Minister for Agriculture and Northern Australia
Deputy Leader of the Nationals
Tuesday 12th April 2022
$212,707 to modernise price and market information
in the red meat sector
- $212,707 (GST incl) grant to Meat and Livestock Australia to support the digitisation of price and market information
- Part of $5.94m (GST incl) for projects to improve market transparency across perishable agricultural goods supply chains
An Australian Government grant of $212,707 (GST incl) to Meat and Livestock Australia will support better market transparency and fairer pricing for our farmers.
Minister for Agriculture and Northern Australia David Littleproud said the grant was part of a $5.94 million (GST incl) commitment to address price transparency in perishable agricultural goods supply chains.
“Australian red meat producers stand shoulder to shoulder with the best in the world for premium produce,” Minister Littleproud said.
“It’s vital that they are able to access market and price information to make important business decisions so that the price they receive reflects the quality of their product and the value of their work.
“Supporting strong and resilient supply chains by improving market transparency improves competition and consumer choice.
“And ultimately it improves productivity—this is another way that we are delivering on our commitment to help industry reach its goal of $100 billion in value by 2030.
“This project will transition the delivery of the significant range of livestock market, domestic production and international trade information reports into user-interactive, web-based, dynamic dashboards. This will support better market analysis and allow farmers to compete on the merits of their product.
“It’s a common-sense approach for any good business.
“The Coalition has invested and will continue to invest in regional and rural Australia. There was a record $21 billion committed in the budget to the Bush.
Labor have put up a miserable $650 million with no detail, vision or direction, as an election promise. Labor have shown they will only govern for the capital cities.
This grant is yet another example of the Coalition caring for and growing the regions.”
Minister Littleproud said the grant directly addresses key recommendations made by a recent Australian Competition and Consumer Commission Inquiry into Perishable Agricultural Goods industries.
Meat and Livestock Australia Managing Director Jason Strong said improvements in price transparency and market information will enable producers to continue to improve their connection with the supply chain.
“The red meat industry is reliant upon animals being available at the right time and meeting market specifications, ensuring the high value, high quality reputation of Australia’s agricultural sector,” Mr Strong said.
“Improving access to market information may improve the potential returns for producers, and provide them with more information to better target market specifications.”
Fast facts
- The Australian Government is investing $5.94 million (GST inclusive) in projects to improve market transparency across perishable agricultural goods supply chains.
- The ACCC inquiry into PAG recommended that governments and industries explore measures to increase price transparency in perishable agricultural goods industries, to increase competition in those industries.
- Workshops were held in late 2021 with the chicken meat, dairy, horticulture, pork, red meat, seafood, and wine grapes sectors, providing opportunities to identify price and market transparency issues and explore tools and processes to address them.
