Food and agribusiness bank Rabobank has recommended farmers shift away from competing in highly commoditised global markets, and instead towards “high-value targeted markets”.
The value and quantity of New Zealand meat and fruit exports has continued to rise, hitting $5 billion in March for the first time.
According to a recent report from the National Australia Bank, Australia’s wine industry is set to benefit from increased demand in key wine export markets.
Craft brewer, The Australian Brewery, has successfully negotiated an export deal with Japan.
Berry and cherry growers in the Yarra Valley can now export produce without fruit fly treatment to interstate markets, the first arrangement of its kind in Australia.
Australia must increase its agricultural production and improve sustainability to satisfy export growth targets, according to new research.
The free trade agreements with Japan and Korea will make Australian food and beverage businesses more attractive to foreign investors, but businesses must understand the new markets, said Tony Pititto, Food & Beverage Industry growth adviser, Grant Thornton Australia.
The Australian Dairy Industry Council has criticised the proposed Australia-Japan free trade agreement, stating the agreement has fallen well below industry expectations.
Russia has banned Australian chilled and frozen beef after detecting traces of trenbolone, an active ingredient in hormone growth promotants.
Australian winemakers are feeling the pinch of Beijing’s anti-corruption and austerity program as China’s demand for luxury goods runs dry.
The Southern Forests Food Council, (SFFC) a marketing collective based in the Shire of Manjimup, Western Australia is targeting Singapore as a key market to export its premium quality produce.
Managing director of supermarket giant Coles, Ian Mcleod told the Global Food Forum in Sydney yesterday that excessive red tape coupled with high labour costs and declining productivity is hindering Australia’s ability to capitalise on the ever increasing global demand for food.
Last year, Australia imported more than six million bottles of champagne, a rise of 1.4 percent, which makes Australia the sixth largest export market in the world.
Global dairy prices have dropped overnight to represent the lowest levels in nine months.
NASAA has secured approval from Chinese regulators for its certification arm, NASAA Certified Organic, to inspect organic operations within Australia for export to China.
As the Chinese middle class increases its taste for Australian wine, they too are becoming more interested in the regions from where it is made according to Shanghai based Wine Australia representative, Jessie Qian.
According to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), agricultural exports to China have doubled in five years to represent $7.3b in 2013.
The Australian Agricultural Company’s $91 million meatworks is expected to be operational by the second half of 2014, with construction well underway.
Australia and South Korea are entering a Free Trade Agreement, but before you think “advanced Western country gains access to a large Asian market”, think again.
I believe our future lies in playing to our strengths. The Australian agricultural business model should not be to produce cheap food for the world’s poor, but rather expensive food for rich, largely Asian, consumers.