Meat prices set to soar across Australia

Flooding in Queensland is expected to drive up meat prices across Australia.

A report released on 2nd of April revealed that over 100,000 animals, including cattle, sheep, goats, and chickens, have died or gone missing due to the disaster.

Experts warn that this number could rise further if heavy rains persist, worsening the impact on livestock.

With supply shortages looming, meat prices across the country could see significant increases.

A similar situation occurred in 2019 when meat prices surged by 10% to 20% due to supply disruptions.

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