Trade

Despite the global economic shocks like those produced by the COVID-19 pandemic, agricultural sectors and economies overall are better off when exposed to international trade, the latest ABARES research paper shows. The research report, Understanding effects of supply disruptions on globally and locally focused economies, examines the effects of exposure to the global market on supply chains, and the risks and shocks of this exposure.

Weipa Town Authority chairman Michael Rowland says officials must move quickly to bring the 20 men stranded on a cargo vessel to Weipa and take care of them here. Another crew member left the ship last week, taking the number to 20 on board, from 22 originally. Movers 3 has been anchored off the Port of Weipa for seven weeks and needs major repairs for it to be seaworthy. Mr Rowland said it was now a humanitarian issue and urged the relevant authorities to intervene.

Twenty-one men on board a vessel tasked to pick up bauxite from Weipa were left to starve by the Qatari shipping company that owns the vessel, angering officials in Australia. The Panama-flagged bulk carrier Movers 3 has been anchored off Weipa for a month and food had to be purchased and delivered to the ship after the crew ran out of provisions. The Australian Maritime Safety Authority, which placed the ship in detention on March 4, has slammed operator Aswan Shipping for its negligent practices. Rio Tinto has responsibility to avoid bad operators, say unions.

Consumers are being warned of inferior fruit due to arrive for the first time from Taiwan. Growcom, the peak industry body representing the Australian pineapple industry, has today voiced concerns about reports that six tonnes of fresh pineapple are to be imported into Australia from Taiwan in May.

The National Farmers’ Federation (NFF) has applauded the Federal Government’s announcement on the extension of the International Freight Assistance Mechanism (IFAM) to 30 September 2021.

Australia’s wheat crop is estimated to have surged by 119.8% to a record 33.34 million tonnes in 2020/21, according to ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences). ABARES has raised its estimate of national production of winter crops by 7.4% to 55.2 million tonnes in 2020/21.

The CBH Group is accelerating export activities to meet strong international demand for Western Australian grain as record breaking shipments during December signal a busy shipping period for the first half of calendar 2021.