Trade

Australian exporters will see faster export documentation and easier access into Singapore’s markets, as certification between Australia and Singapore moves towards paperless trading ... “Using electronic export certification (eCert) means the relevant information is sent directly to overseas government agencies almost instantly, allowing for quicker clearance times so producers can get their goods to market faster”: A/g Deputy Secretary Nicola Hinder.

Trade between Ukraine and Australia is actively developing. The total sales of Australian goods and services are growing faster than Ukrainian ones. Australian farmers are also increasing sales faster than Ukrainian farmers. However, this was not always the case. 2023 may strengthen the position of Ukrainian farmers.

Australian consumers are seeing significant price increases across dairy products – based on the national Consumer Price Index (CPI) data – with milk prices having risen at the fastest rate since records began, according to a new report by agribusiness banking specialist Rabobank. In its Global Dairy Quarterly Q4 2022 – Walking the Tightrope into 2023, Rabobank says while the Australian consumer has shown resilience in the face of cost-of-living pressures, signs of dairy demand weakness are emerging as a willingness and ability to spend on discretionary items softens.

New forecasting showing record Australian grain production numbers – despite impacts of severe weather and flooding during a delayed and disrupted harvest – makes good news for today’s papers. However, Grain Producers Australia says the headline numbers mask some serious structural issues faced by growers on the ground, which impact productivity and need to be urgently addressed.

Animal protein producers and processors face an “inflection point” with a need to respond to structural changes in the market even with production levels and prices likely to remain elevated next year, according to a new report by agribusiness banking specialist Rabobank.

“Crops in Western Australia and South Australia benefitted the most from spring conditions, with total production in both states forecast to reach new record levels. Total production in Queensland is forecast to reach the second highest on record, despite parts of the Darling Downs missing out on plantings after being impacted by the floods. In other parts of the country, the results are mixed with both flooding and water-logging impacting winter crop production": Jared Greenvillle, ABARES.

Premium South Australian wine continues to gain recognition in key Asia-Pacific markets after the latest group of international wine ambassadors was assembled in Hong Kong. Eight of Hong Kong’s leading wine importers have been hand-picked to raise the profile of South Australia’s best wines in their own regions and boost trade demand with our state.

The US – the world’s second-largest importer of beef after China – is likely to be looking for even more beef from global markets over the next three years, as its own domestic production declines, Rabobank says in a newly-released report. And – while Australia is among the major global beef exporters that could help fill the gap – its own supply constraints mean it will be challenged to find additional export volumes.

A two-part ABARES Insights series on Australian agriculture draws attention to how changes in the sector over past decades have led to its current success and what will shape its future performance. ABARES Executive Director Dr Jared Greenville said farmers have made the most of exceptional growing seasons and high global prices to achieve unprecedented industry production and export values over the last three years.

Australia is set to pioneer a new era of sustainable sugar exports when the first-ever shipment of fully traceable, sustainably produced raw sugar is loaded for export at the Port of Townsville this week. In a world first, the sugar, produced from cane grown by Smartcane BMP accredited growers, will be traceable through the supply chain to the end user in South Korea.

Australian engineers from global company RingIR will visit the US Department of Agriculture in Boston next month, to test whether their revolutionary technology can be used to ‘sniff out’ pests that attach themselves to containers or other cargo (known as hitchhiker pests).

Australia is on track to harvest a near-record winter grain crop of 61.9 million tonnes, according to Rabobank’s 2022/23 Australian Winter Crop Forecast. But what will be a record for some farmers will be heartbreak for others, due to the impacts of excessive rainfall on grain volume, yield and quality in parts of the country.

A teenager was ensuring the blacksmithing trade was front and centre for the millennial generation at the Good Old Days Festival in southern NSW. Joe Reedy, of Wallabadah in northern NSW, donned his leather apron and was kept busy working the hot forge and hammering out draught horseshoes and fire pokers for an appreciative audience at the festival at Barellan on October 1-2.

Burnie’s Hellyers Road Distillery has been named 2022 Tasmanian Exporter of the Year at a gala event in Hobart ... Hellyers Road took out the title after being named the Small Business Award category winner earlier in the evening.

Global dairy market fundamentals have shifted course in Q3 2022, from extreme tightness to visible but modest loosening. A potential collision between supply growth and demand is approaching, with Q4 year-on-year milk supply growth, weak Chinese import demand, and broader demand rationing in developing countries weighing on forecasts, according to the latest international dairy market report from Rabobank.

Exceptional growing conditions and high global prices are continuing to benefit Australian agricultural production and exports. The ABARES September quarter Agricultural Commodities Report is forecasting agricultural export earnings to climb to a record $70.3 billion for 2022-23 – almost 50% more than what it was 10 years ago after accounting for inflation.

Global demand for cheaper cuts of beef is expected to increase in the year ahead as rampant inflation and slowing economic growth see consumers trade down, Rabobank says in a newly-released report. And Australia - as one of the largest exporters of beef "trimmings" (the cheaper meat cuts which remain after prime cuts are removed) - is expected to be among the best-positioned countries to benefit from this increased international demand, particularly from the US, the agribusiness bank says in its Q3 Global Beef Quarterly.

Samuel Davis. Cape York and Torres Strait residents will fork out more for essential services after northern Australia’s largest shipping company announced it was increasing the cost to ship freight to remote communities. Sea Swift has announced a 14.5 per cent hike for cargo shipments, starting next month.

Australia's beef and sheepmeat sectors can expect continuing demand from China despite its slowing economy and continued lockdowns impacting how the country consumes animal proteins. Speaking on a newly-released podcast, Is the Chinese meat market still firing?, Rabobank's Hong Kong-based senior animal protein analyst Chenjun Pan said China's lockdown policies have affected the population's protein consumption habits, with the major short-term change being where people are consuming food.

The Port of Mackay has broken a decade-long record to post its greatest trade year by volume. Treasurer and Minister for Trade and Investment Cameron Dick said the 3.6 million tonne throughput for 2021-22 beat the previous record for 2012-13.

Escrow.com, the leading provider of secure online payments and a wholly owned subsidiary of Freelancer Limited (ASX: FLN, OTCQX: FLNCF), has announced a partnership with ONFARM, a world-first agricultural meeting and marketplace founded in Australia and available worldwide. The partnership will help secure farmer-to-farmer transactions for livestock, hay, grains, machinery, farming equipment and more.

Victorian irrigation innovator Rubicon Water is maximising water use on farms from the Murray Darling to India and beyond, driving jobs growth at its key Shepparton base ... In Karnataka, the Rubicon Water system manages the water supply to more than 400,000 hectares of farmland through 1,250 kilometres of canals.