No evidence of market power in beef or lamb processing in Australia, report shows

There is no evidence of significant market power in either input or output markets for beef or lamb in Australia, an important new independent economic study has found.

This finding implies that red meat consumers are not suffering from changes in prices along the chain, which is the primary focus of interest in the red meat industry for competition and consumer laws.

This was one of many important findings contained in a new independent economic study compiled by consultants SG Heilbron Economic and Policy Consulting.

The study, commissioned by the Australian Meat Processor Corporation, carried out a detailed analysis of market cycles and price transmission in the Australian red meat sector. The study’s findings provide relevant evidence and insights to debates about competition in livestock and red meat markets in this country, Beef Central reported.