Trade

Softs stole the show in July, as frost hit the heart of the Brazilian arabica coffee belt and also impacted sugar. The worst frost in 27 years led to ICE Arabica jumping by 27% and Robusta by 12% so far in July (coffee trees are very susceptible to frost damage), while sugar jumped 4.7%.

A lower-than-expected Australian dollar combined with good seasonal conditions continue to buoy the outlook for Australian agriculture, according to NAB’s July Rural Commodities Wrap.

Data from Wine Australia showed total exports fell to $2.56 billion over the 2021 financial year. Exports to China plummeted 45% to $606 million. Beijing’s introduction of anti-dumping tariffs and duties in November ... Outside of China, Australian wine exports actually increased by 12% by value to $1.96 billion, and 6% by volume, to 643 million litres.

China’s anti-dumping duties have seriously disrupted Australia’s wine trade, the latest research report from ABARES has found. The report, Australian wine in China: Impact of China’s anti-dumping duties, investigates the short- to medium-term consequences of China’s punitive anti-dumping measures on Australian wine exports.

The Scenic Rim will shine on the global sporting stage when it hosts the rowing and canoeing events at the 2032 Olympic and Paralympic Games ... Scenic Rim Mayor Greg Christensen: "In 11 years we will have the world's best rowers and canoeists paddling here at Lake Wyaralong, cementing their place in history and making dreams come true."

Sadly, it has become painfully clear that our political leaders have lost the capacity, and even, it would seem, the willingness, to compare the impacts of varying public policy positions. The evidence of this is in the crude lockdowns which provide an opportunity for politicians and bureaucrats to look like they are 'doing something' and that they are 'in control' when in fact neither proposition is correct.

Australian agriculture is set to become a $100 billion industry by 2030, though positive conditions will need to be backed up by increased investments. According to NAB and Agrifutures Final Report on the capital needs of the industry, the $63.3 billion agribusiness sector is on track to meet the $100 billion target set by the National Farmers’ Federation.

Turbocharging growth in Australia’s civil space sector is the aim of two key measures announced today by the Morrison Government that will help to reduce launch costs and open the door to increased collaboration with major US companies. Australia and the US will build on over 60 years of space collaboration by commencing negotiations on a bilateral Technology Safeguards Agreement (TSA).

Rising global tensions and the COVID pandemic have created the perfect storm for Australian exporters. Now is the time to protect our business from supply chain interruptions and ensure the resilience of our economy. Australian businesses cannot prevent these external economic shocks, but they can manage risk by diversifying their economic relationships.

Thousands of new jobs and significant infrastructure builds in regional NSW will be delivered through the 2021-22 NSW Budget, supporting the recovery and future prosperity of regional communities following drought, bushfires, floods, the COVID-19 pandemic and more recently the mice plague.

The first shipment of iron ore from processed waste materials at Frances Creek Mine are being celebrated this week as a huge sign of strength and confidence in the Territory’s mineral industry. The Territory Labor Government approved the Mining Management Plan for the Frances Creek Mine in March 2020 enabling the processing of existing ore stockpiles at the mine. NT Bullion – the operator of the mine – has been using innovative x-ray technology from German based Steinert to screen waste rock stockpiles at the site to produce export quality iron ore.

For the first time ever, Costa, Australia’s leading fresh produce grower, have sent a shipment of their premium Lovocados to Singapore by sea freight. The order of 3200 trays left Brisbane in May and arrived in Singapore in June, and there have since been twelve more containers shipped to locations across Asia including Malaysia, Hong Kong, and Indonesia.

[ALP] Labor welcomes the in-principle deal announced last night to progress a free-trade agreement between Australia and the United Kingdom. Trade is an important aspect of the close relationship between Australia and the UK, and we will wait to see the details of this proposed agreement.

[Government statement] A new free trade agreement with the UK will deliver more Australian jobs and business opportunities for exporters, bringing both countries closer together in a changing strategic environment. Prime Ministers Scott Morrison and Boris Johnson have agreed on the broad outlines of an Australia-UK Free Trade Agreement (FTA).

[Meat & Livestock Australia] The Australian red meat industry today welcomed the announcement in London by Prime Ministers Morrison and Johnson of agreement in-principle regarding the parameters of the Australia-United Kingdom Free Trade Agreement. The agreement will see Australian beef and sheepmeat access to the UK liberalised over a 10 year transition period.

[NSW Farmers] Farmers in NSW will benefit from the ‘in-principle’ trade deal between Australia and one of its oldest trading partners. The proposed deal with the United Kingdom includes the introduction of Ag Visa for UK backpackers and tariff and quota free access for a range of produce grown in NSW.

[National Farmers' Federation] Australian farmers are applauding the ‘in-principle’ trade deal between Australia and the United Kingdom announced by prime ministers Scott Morrison and Boris Johnson in London overnight. The proposed deal is the first trade agreement reached by the United Kingdom following its separation from the European Union last year, and will guarantee tariff-free, quota-free access to the UK market for all agricultural products, after phase in periods of up to 15 years.

Australian farmgate production is on track for a record-breaking $66.3 billion year. ABARES’ June quarter 2021 Agriculture Commodities report shows how the sector has navigated the uncertainties and challenges posed by COVID-19 and changes in the international trade landscape.

Australia's alpaca producers are well positioned to develop new export markets following the opening of trade in alpacas with Chile ... "Health certification requirements are the foundation for trade in animals and this agreement means we can continue to build on trade opportunities as we work to revitalise our primary industries."