Publication Date
12-12-2016
Series Number
DAFWA 375
Publisher
DAFWA
City
Perth
Abstract
The DAFWA-NBF project is committed to identifying growth and value creation opportunities for the WA Beef industry and have engaged PwC to estimate the value of increased security of supply.
A joint PwC/NBF team have developed a WA beef value chain model to better understand the industry’s potential and establish the potential value associated with changes in the security of supply.
Results indicate that, over a five to twelve year timeframe, the WA Beef industry might have the potential to grow cattle disposals, double revenue to $1.2B and increase profit by $0.5B.
A diversified market which includes Japan and China growth is achieved by first reducing exports, including those to Indonesia and Vietnam, and diverting them to the domestic market.
Greater coordination, forward contracts, identifying the right markets and securing investment together with a structured industry-wide co-creative approach will be required if the full value of the security of supply is to be achieved.
Number of Pages
12
Keywords
northern beef futures, supply chain, livestock, beef, cattle, market
Disciplines
Agricultural Economics | Beef Science
Recommended Citation
Department of Agriculture and Food WA.
(2016), Department for Agriculture and Food – Northern Beef Futures: Valuing security of supply. DAFWA, Perth. Report DAFWA 375.
https://library.dpird.wa.gov.au/ap_publishedrpts/4
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