The chief executive of agribusiness and pastoral group Elders expects inflationary pressures on red meat prices to last for at least the next 18 months because demand is outstripping supply and Australia’s herds are still being rebuilt.
Mark Allison said beef and lamb prices were set to keep rising.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
