Thinking of ewe during record low
Rabobank says Australia's sheep industry is at an important turning point, with the flock close to record lows and limited growth expected over the next five years. The bank's research says future production growth will need to come from productivity improvements. Global demand for Australian sheepmeat and wool remains strong, while major competitors are not expected to expand supply significantly. RaboResearch senior animal proteins analyst Angus Gidley-Baird said high restocking costs and labour challenges are holding back flock rebuilding, though modelling suggests the breeding flock could rise about six per cent between 2026 and 2030.