date:May 30, 2014
nput costs in China have increased 150 per cent since 2005.
Input costs have risen 100 per cent in South America, 5 per cent in the United States, and just 20 per cent in Europe.
Even though input costs in Australia are increasing at a relatively slower rate, that advantage is offset by the depressed cattle market.
MLA's Tim McRae says Australian cattle are some of the cheapest in the world.
That's probably one where Australia has lagged behind recently. If we have a look at our major compet