Global avocado trade expected to grow in an increasingly competitive market – Rabobank report
The global avocado trade will continue to grow in the next few years, but the market will be more competitive, forcing operators to be not only more efficient, but also increasingly sustainable, according to a new report by agribusiness banking specialist Rabobank. In the report Global Avocado Growth Far From Over, Rabobank says world avocado production expanded by a compound annual growth rate (CAGR) of approximately seven per cent over the past decade.
Australia-United Kingdom Free Trade Agreement: A new era for Australia-UK trade: MLA
Prime Ministers Albanese and Sunak met in London on 5 May 2023 and announced the long-awaited entry into force date of midnight 31 May 2023 for the Australia-United Kingdom Free Trade Agreement (A-UK FTA), following the expected completion of UK domestic processes ... The A-UK FTA, which was agreed in principle in June 2021 and signed on 17 December 2021, will see Australian beef and sheepmeat/goat meat access to the UK liberalised over a transition period.
Statement on Australia-UK Free Trade Agreement: NFF
The National Farmers’ Federation welcomes the 5 May 2023 announcement that the Australia-UK Free Trade Agreement will enter into force on 31 May 2023. The FTA improves access to an important market for Australian farmers and will allow them to diversify their markets. It will importantly give UK customers the option of sustainable, high quality Australian produce on supermarket shelves to complement their existing home-grown options.
Australian dairy set for another favourable season ahead, with ‘firm landing zone’ for milk prices: Rabobank
Australian dairy producers can look forward to another favourable season in 2023/24, with the sector set for its fourth consecutive profitable year, Rabobank says in its recently-released annual Australian Dairy Seasonal Outlook.
Regional innovations, global connections
As Australia looks towards exploring new export markets, the MENA region presents a wealth of trading and investment potential for Australian regional businesses ... This inaugural event on 4 May 2023 will be co-hosted by the Australia Arab Chamber of Commerce and Industry, and Regional Development Australia in Central Coast, with a guest speaker and participants joining from the MENA region and Australia.
Global orange juice prices to remain higher for longer on the back of tight world supply: Rabobank
For now, the orange juice market is staying tight for at least another season, unless there is a significant supply-side surprise for the 2023/24 harvest in Brazil or a much sharper contraction in global demand in 2H 2023. According to a recent Rabobank report, record-high orange juice (OJ) prices in 2023 are a consequence of a very tight market, with smaller-than-expected production and low inventories.
Barmah Choke trade opportunity for new irrigation year: MDBA
The Barmah Choke water trade balance to start the 2023–24 water year will deliver a solid trade opportunity for irrigators. MDBA Executive Director of River Management Andrew Reynolds, said the water available to trade downstream of the Barmah Choke on 1 July 2023 would be about 60.6 gigalitres (GL).
Query on wheat prices
This newspaper [The Buloke Times], in the past, has queried the government’s decision to take away the single desk for export from the Australian Wheat Board, an organisation which evened out the returns to growers, and was generally respected by the industry. Now there are claims that the good seasonal conditions have not been reflected in the returns to growers in recent years, and some companies with a larger share of the export trade have acted in “monopolistic” ways.
Honey exporters to benefit from digital reforms: DAFF
Australian honey exporters will benefit from new digital reforms that streamline the export certification process to Great Britain and the EU. On 30 March 2023, certification for honey and apiculture exports for human consumption became available via NEXDOC for Great Britain (England, Scotland and Wales) and the European Union.
Step forward to resolve barley dispute with China: Wong, Farrell, Watt
The Australian Government has reached an agreement with China that creates a pathway towards resolving the dispute over Australian barley. Since 2020, China’s 80.5 per cent duties on Australian barley have effectively blocked exports to that market ... Following recent constructive dialogue at all levels, we welcome China’s agreement to undertake an expedited review of the duties over a three-month period, which may extend to a fourth if required.
Statement on UK-Australia Free Trade Agreement: NFF
We welcome the ratification of Australia’s trade deal with the United Kingdom by the UK Parliament. This deal improves access to an important market for Aussie farmers. It will also give UK consumers the option of sustainable, high quality Australian produce on supermarket shelves to complement their existing home-grown options.
Public objections process on EU Wine Agreement: DAFF
Australia is negotiating amendments to the Australia-European Community Agreement on Trade in Wine (Wine Agreement). As part of the negotiation the Australian Government is running a public objections process on wine geographical indications (GIs) proposed by the EU.
United States not understanding our kangaroo industry
Labor has failed to dispel misconceptions around the use and overseas imports of kangaroo products, allowing the United States to stick the boot into the kangaroo industry. It comes after shoe brand Nike announced it would stop making any product with kangaroo leather by the end of 2023 ... Leader of The Nationals and Member for Maranoa David Littleproud said the Federal Government had been missing in action and had failed to ï¬ght for the industry.
Rural Bank Monthly Insights – A dry start and falling prices for Autumn
Rural Bank has released its March 2023 Insights report, with commentary on production and pricing trends for Australian agriculture: cattle, cropping, dairy, horticulture, sheep and wool.
Research pays off in India avocado trade deal: Hort Innovation
Delivered through Hort Innovation using industry levies and funds from the Australian Government, some of Australia’s top scientists partnered with the avocado industry to develop phytosanitary data that shows the health and safety of Australian Hass avocados is in line with India’s import requirements.
Snapshot shows strength behind the numbers: ABARES
The latest ABARES Snapshot of Australian agriculture shows the industry continues to grow and perform strongly in a number of key areas including exports, incomes and risk management. Industry production and export values are forecast to hit record levels in 2022-23, with broadacre and dairy farm cash incomes remaining well above historical benchmarks.
Rabobank Global Dairy Quarterly Q1 2023: The squeeze is on – Modest global milk production in 2023, with dairy value chain feeling pressure
According to a new report from Rabobank, participants all along the dairy value chain are being squeezed. Producers’ milk prices have tumbled from 2022’s lofty levels while feed prices are at record highs.
Statement on Independent Panel on live sheep export: NFF
The National Farmers’ Federation notes the Minster’s announcement that an Independent Panel will be established to advise on the proposed phase out of live sheep export. The NFF stands with 24 other peak agricultural bodies and farmers across Australia in opposing the ban on live sheep export, and does not support any process which aims to phase out the trade.
Cutting down importers of illegal timber products: DAFF
The Department of Agriculture, Fisheries and Forestry has fined 14 furniture importers over $186,000 last week because they didn’t act to minimise the risk of importing illegally harvested timber. Head of Compliance and Enforcement at the department, Peter Timson said Australia has strict requirements for importing timber and it is essential to hold importers to account.
‘Drinking’ milk to stay key category for Australian dairy sector: Rabobank
The liquid ‘drinking’ milk market remains of key importance to Australia’s dairy sector – with improved domestic retail pricing and opportunities for further export growth – Rabobank says in a newly-released industry report.
SA’s primary industries continue to experience record-breaking growth: Scriven
The release of the Primary Industries Scorecard 2021-22 illustrates the resilience of the sector in overcoming Covid 19, extreme weather, floods and bushfire events, the Russian invasion of Ukraine along with Chinese trade tensions to generate a revenue of $17.3 billion in 2021-22, an increase of 12% and accounting for 51% of the South Australia’s merchandise exports: Claire Scriven.
Unlocking the secrets of productivity – A monumental challenge for Australia’s future: Hugh Christie, TFGA
Whilst we are seeing positive changes with international freight capacity returning to levels pre-COVID-19, productivity issues at major Australian container ports identified in the latest Productivity Commission report cost the Australian economy an estimated $605 million annually. These inefficiencies directly impact Australian farmers and if not addressed soon will be a compounding cost for all primary producers as well as exporters more broadly.
