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An Agrifood and Beverage Centre for Excellence to help transform innovations and opportunities into success stories, business growth, diversification and jobs was officially launched last Friday in the Peel region.
The state-of-the-art Food Innovation Precinct Western Australia – known as 'Mereny Bidi Boodja' in the local Noongar language – owned by the Shire of Murray, is backed by a $45 million State Government investment. The Australian Government contributed $21.75 million from its Regional Growth Fund towards the precinct's construction.
The precinct will be an ecosystem for innovation, featuring a Food and Beverage Production Centre with a Food Technology Facility, alongside an Innovation Centre and a Research and Development Centre. Murdoch University will use the facility in collaboration with the national research, industry and Government consortium, the Future Food Systems Cooperative Research Centre, for projects that help businesses to satisfy increasing demand for sustainably produced products.
There has been widespread business interest in the Food Innovation Precinct WA, with a brewing company using a microbrewery in the Production Centre to produce beverages infused with Australian native botanicals. The precinct is open to interested parties throughout WA, interstate and overseas from the commercial, public and academic domains to advance and accelerate agrifood food and beverage innovations aiming to capture new market demand. More...
Source: WA Government | Photo: DPIRD [At the launch of WA Food Innovation Precinct, from left: Liam O'Connell, DPIRD Executive Director Agribusiness Food and Trade; Dr Natasha Teakle, Independent Chair of Project Management Group, Food Technology Facility; Paul Isaachsen, DPIRD Deputy Director General, Industry and Economic Development; Kim Antonio, DPIRD Project Manager Agribusiness Food and Trade.]
Innovate to Grow: Agrifood WA is a free 10-week virtual, self-paced learning program for small to medium enterprises (SMEs) to investigate new research and development (R&D) opportunities related to the agrifood sector in Western Australia.
This program is open to businesses working in any of the sub-sectors; meat and meat product manufacturing; agriculture and fishing support services; aquaculture; livestock; beverage manufacturing; food product manufacturing; or other. If you are not sure if you fit into one of these sub-sectors, please reach out to our program coordinator.
The course provides tools and information to help you better understand what's involved with R&D and key things you need to consider at each step of the process. You'll be able to apply this knowledge to advance your innovation journey.
Applications for the course are now open and will close on Monday 13 March 2023. The course commences on Tuesday 4 April. For further information, please contact Ryan Del Casale, Project Officer, Department of Primary Industries and Regional Development, at ryan.delcasale@dpird.wa.gov.au. More...
Source and Image: CSIRO / DPIRD
The Bee Industry Council of Western Australia (BICWA) has just launched the Export Western Australian Honey website, showcasing the State's premium-quality honeys to the world.
Supported by the Department of Primary Industries and Regional Development, the website profiles WA's highly-sought-after monofloral honeys, and lists export-ready honey businesses.
To be a part of the BICWA Export website, simply visit the How to join page and ensure your business meets the WA honey accreditation criteria and exporting requirements.
WA closed its borders to honey bee products in 1977 to protect the State's honey bee, allowing our beekeepers to now manage the healthiest honey bees in the world. As there is no Varroa pest or European foulbrood, bee husbandry in WA is managed without antibiotic or pesticide use. More...
Source: BICWA | Image: Craig Kinder / BICWA
The Chamber of Commerce and Industry of Western Australia (CCIWA), in partnership with Invest and Trade Western Australia, will launch a dedicated website to showcase investment opportunities in the State.
The new website will showcase a range of investment-ready projects in WA, across a range of industry sectors to drive investment attraction to the State, grow the economy and create jobs.
A recent CCIWA Business Confidence Survey showed a significant number of WA businesses are actively seeking foreign investment. Investment in WA is approximately $46 billion. There is a tremendous opportunity to increase the level of investment across WA’s core industry sectors and emerging and innovative diversified greenfield and brownfield investment.
This new initiative will complement the existing trade promotion and investment attraction activity already undertaken by the State Government’s Invest and Trade Western Australia. Under the partnership, CCIWA’s International Trade and Investment Centre (ITIC) will develop, implement and maintain the digital platform. The Department of Primary Industries and Regional Development (DPIRD) is supporting CCIWA to connect with WA's primary industry sector.
The website will feature curated commercial investments from a minimum of $10 million with a particular focus on investments in the sectors: primary industries, mining, energy, mining and technology services (METS), tourism, creative industries, health medical life sciences, defence industries and space industries. The platform will be an important tool in the State’s investment attraction efforts and will assist to showcase the types of investment projects and the investment potential in WA.
To find out more about showcasing your investment project please contact Michael Carter, Head of CCIWA’s International Trade and Investment Centre, via michael.carter@cciwa.com. More...
Source: CCIWA / JTSI | Photo: iStock
Need help determining the right export market?
Entering a New Market, an eBook from Export Finance Australia, features useful tips and tools to help you determine the right markets for your business.
Export Finance Australia, the Australian Government’s export credit agency, supports Australian exports and overseas infrastructure development with flexible finance solutions. More...
Source and Image: Export Finance Australia
The economic headwinds that faced Asia and the Pacific last year have started to fade, according to the International Monetary Fund (IMF). Global financial conditions have eased, food and oil prices are down, and China’s economy is rebounding.
These developments are helping improve prospects across the region, with growth set to accelerate to 4.7% this year from 3.8% in 2022. This will make it by far the most dynamic of the world’s major regions and a bright spot in a slowing global economy.
The IMF says the region’s emerging and developing economies, poised to expand by 5.3% this year, drive this dynamism. These economies are hitting their stride as pandemic supply-chain disruptions fade and the service sector booms.
China and India alone are expected to contribute more than half of global growth this year, with the rest of Asia contributing an additional quarter. Cambodia, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam are all back to their robust pre-pandemic growth. More...
Source and Graphic: IMF
Global trade remained resilient and performed better than pessimistic predictions for 2022 as economies greatly affected by the war in Ukraine found alternative sources of supply, according to the World Trade Organisation (WTO).
In a report released last week, the WTO estimates that trade growth in 2022 was above the WTO trade forecast of 3% issued in April and substantially higher than its estimates for more pessimistic scenarios for the year. The stability of global trade was also evident in global supply chains, confirmed by the 4% year-on-year growth of trade in intermediate goods in the second quarter of 2022.
"Global trade has held up well in the face of the war in Ukraine," WTO Chief Economist Ralph Ossa said. "Despite the devastation we have seen one year on, trade flows remained open. We have not seen the worst predictions foreseen at the onset of the war. Sharply higher food prices and supply shortages have not materialised thanks to the openness of the multilateral trading system and the cooperation governments have committed to at the WTO. Resilience will ultimately be best served by fostering deeper and more diverse international markets, anchored in open and predictable trade rules." More...
Source: WTO | Photo: Jonas / Unsplash [Port of Hamburg, Germany]
Further information
Agribusiness, commercial fishing and aquaculture news from the Department of Primary Industries and Regional Development (DPIRD). If you have any questions or information to share, please email export@dpird.wa.gov.au.
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Important disclaimer
The Chief Executive Officer of the Department of Primary Industries and Regional Development and the State of Western Australia accept no liability whatsoever by reason of negligence or otherwise arising from the use or release of this information or any part of it.
Copyright © State of Western Australia (Department of Primary Industries and Regional Development), 2023.
