Trade

Jens Roestel. Australia imports roughly 8,800 tonnes of honey per year ... When tested in a recent study about 18 per cent of honey found on Australian supermarket shelves showed signs of alterations ... companies spend a lot of time and effort to produce fake honey.

The live export of dairy heifers – particularly to China – has been a lucrative market for Australian dairy farmers in recent years, offering significant trade opportunities and attractive prices for dairy cattle. But with Chinese demand for dairy heifers waning … and trade risks around Australia’s live export policy, the future prospects for the sector are far less certain, according to a new industry report by Rabobank.

Rural Bank’s Australian Agricultural Exports Report 2023/24 has found that the value of Australian agricultural exports fell by -8.5 per cent to $72.4 billion or $6.7 billion lower than the record high achieved in 2022/23. States with large cropping industries saw the most significant declines, with Western Australia, New South Wales and South Australia most impacted by the dip in this sector.

Member for Mallee, Dr. Anne Webster, will stand with Mallee farmers and her Nationals colleagues shoulder-to-shoulder with hundreds more farmers from across the country today (September 10), in an unprecedented rally against Labor’s anti-farming ideology. Dr Webster said Labor is destroying agriculture and making life impossible for producers of food and fibre, due to endless cuts to the regions, anti-farming legislation and unnecessary red tape.

Australian agriculture is set to benefit this financial year, as the gross value of agricultural production is forecast to increase by 4 per cent. ​The ABARES Agricultural Commodities and Crop Reports show a significant growth in the sector, from $82.5 billion in 2023-24 to $86.2 billion in 2024-25.

Australia’s milk production continues to recover, as global supply is forecast to grow at a modest rate in the coming year, Rabobank says in its newly-released Global Dairy Quarterly. In the Q3 report, titled Market Narratives are Shifting, the global agribusiness bank says positive – though modest – milk supply growth is expected from the world’s major dairy-exporting regions through the remainder of 2024 and in 2025.

ARR.News was approached by PETA with "a gripping and timely opinion piece from an undercover investigator who has firsthand experience of the live export industry..." The full, frank and fearless debate on this highly contentious issue continues here on ARR.News with further responses from both PETA and Trevor Whittington, CEO WAFarmers.

An expected increase in global cotton supply in the 2024/25 season is weighing on prices for Australian producers, as export markets look to absorb large volumes from the US and Brazil, Rabobank says in a recently-released report. The agribusiness banking specialist says expectations are that world cotton stocks will rise in the coming season – largely driven by a recovery in production in the US and a potential record crop in Brazil.

SunCable has achieved another major regulatory milestone, receiving approval from the Commonwealth Government for the Australian component of its flagship project, Australia-Asia Power Link (AAPowerLink) ... "SunCable will now focus its efforts on the next stage of planning to advance the project towards a Final Investment Decision targeted by 2027" ... SunCable will be investing further in communities in the Northern Territory, Singapore and Indonesia to progress the next phase.

The Albanese Labor Government is continuing to strengthen our illegal logging regime with the Illegal Logging Prohibition Amendment (Strengthening Measures to Prevent Illegal Timber Trade) Bill 2024 currently before the Senate.  This legislation will be supported by new rules to replace the current Illegal Logging Prohibition Regulation 2012 when it expires on 1 April 2025 which are now open for comment.  

Booming investments into biofuels, set out in government’s  ‘Future Made in Australia’ plan, presents a huge opportunity for Australia’s regional agricultural producers and farmers, according to Airbus. Airbus Chief Representative for Australia and the Pacific, Stephen Forshaw, recently warned that a “Future Made in Singapore”, not Australia, could be a reality if local industry does not embrace these opportunities now to tap into domestic gains. Australian Rural & Regional News interviewed Stephen and learnt a good more about just what's involved and the prospects for Australia and Australian farmers.

The Pilbara region has achieved a remarkable milestone, with a record 758.3 million tonnes of exports passing through its ports in the 2023-24 financial year. This marks the fifth consecutive year of record-breaking throughput for Pilbara Ports.

Hugh Schuitemaker. Riverland wineries to expand export opportunities would be an aim if the Liberal Party was successful at the next Federal Election, according to senior local politicians. Barker MP Tony Pasin last week toured Angove Family Winemakers, in Renmark, with federal opposition spokesperson for trade and tourism, Kevin Hogan, and Riverland-based MLC, and opposition spokesperson for regional South Australia, Nicola Centofanti.

John Hassell. On 16 July members of the ‘Keep the Sheep’ group of industry peak bodies fighting to retain the live sheep trade signed off on a letter to the WA Minister for Agriculture, Jackie Jarvis, in response to the Albanese government's disgraceful vote to put live exports to the sword. Now I won’t print the whole letter, but it is worth knowing what WAFarmers, the Pastoralists and Graziers, WA Shearers, Livestock Transporters, Stud Marino Breeders and the Live Exporters Assn are asking in the letter, so I'll quote the key bits ...

The Australia Arab Chamber of Commerce & Industry, in partnership with the Moroccan embassy in Australia, DFAT, Austrade and the Moroccan Australian Business Council, is proud to announce that we are conducting a Trade Mission to Morocco in October 2024. The Trade Mission is designed to gain business in a country where the scope of business is extremely bright and where sectoral opportunities are very strong.

These fees and charges, largely applying to importers and travellers entering and leaving the country, had remained unchanged for the best part of a decade until July 2023 and have since brought in an additional $47.1 million.  Grain Producers Australia Chair Barry Large said having fees and charges for these activities match the actual costs of managing these processes, whether it be for inspections and assessments or potential incident management, was commonsense.  

Farmers have welcomed a $47.1 million dollar boost to the nation’s biosecurity system thanks to the Australian Government’s new fees and charges system for importers. NSW Farmers Biosecurity Committee Chair Ian McColl said the new cost recovery mechanism was a strong step towards better biosecurity funding for the future, with the proposed biosecurity tax on farmers now defeated in the Senate.

You have to hand it to the Russians; they are a resilient mob. I had started to write a story back in May about how drought, frost, labour, and parts shortages were about to combine and smash their next grain harvest but luckily, I didn’t, as my predictions would have been way off the mark. As it turns out, despite what all the global grain experts said at the time, about Russia facing a difficult year, it seems they are on track for another big crop.

National Farmers’ Federation President David Jochinke has labelled the Federal Government’s recent correspondence on the live cattle class action as an “appalling attack on victims”. In a letter the Attorney-General Mark Dreyfus sent to the NFF and provided to media last week, the Government has accused the victims of trying to line their pockets.

The state will lose taxpayers, and entrepreneurs will face additional difficulties in doing business. The state budget and entrepreneurs will lose in order to curb terrorism and international crime. In the case of bank accounts for foreigners, a long-standing rule of humanity applies. Namely, they choose the lesser of two evils. This is an unspoken rule of the global financial system.

Commodity prices, production and exports have broadly lifted in the first half of the year, with beef the standout performer in Rural Bank’s Australian agriculture mid-year outlook 2024 (the Outlook), released today. With an overall outlook favourable for the second half of the year, despite some variability across sectors, some cost-of-living relief is also expected to reach beyond the farm gate.