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11 October 2022

Western Australian Agrifood Export eNews

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.auSubscribe to Western Australian Agrifood Export eNews.

Local businesses shine at 2022 WA Export Awards

Myaree-based company, AVI, an exporter of specialised communications systems for some of the world's largest industries, has been named the 2022 Western Australian Exporter of the Year.

Now in its 34th year, the WA Export Awards is an annual program that recognises Western Australian companies that have achieved sustainable export growth. Winners in 13 categories were presented with awards at a ceremony held last week at Government House.

2GR Wagyu Beef was named the winner in the Agribusiness, Food and Beverages category. Rare Foods Australia (formerly Ocean Grown Abalone) was recognised as the winner of the Sustainability category.

"The WA Export Awards recognises the local businesses for the significant contribution they make to both the State and national economies," State Development, Jobs and Trade Minister Roger Cook said.

"In 2021 exports of Western Australia's goods increased by 28% to $239.5 billion, which demonstrates the resilience and success of Western Australian exporters.”

The winners will represent WA at Austrade’s Australian Export Awards, which will be held on 24 November 2022. More... Source: WA Government | Photo: WA Export Awards [The WA Export Awards were hosted by His Excellency Governor Chris Dawson at Government House Western Australia.]

Are you attending Asia Fruit Logistica 2022?

This year, Asia Fruit Logistica is being held in Bangkok from 2 to 4 November 2022.

If you are a Western Australian agribusiness attending either as an exhibitor or visitor and are interested in participating in any in-market activities organised by the Government of Western Australia or require export support for this event, please contact Fiona Goss, Department of Primary Industries and Regional Development, WA fiona.goss@dpird.wa.gov.au. Source: DPIRD | Photo Asia Fruit Logistica


Optimising your business value and exit strategies

Calling on all food and beverage manufacturers, primary producers, growers, agribusinesses, and those in food packaging, food waste reduction, transport and logistics, and agritourism sectors.

Are you looking to better understand the value of your business and how to maximise it? Are you looking to gather external investment to continue the growth of your business or take advantage of a growth opportunity?

Join us to discover the core elements of how to optimise your business value and explore exit strategies in an online masterclass on 18 October 2022 from 9.30am to 12.30pm (AWST).

This Department of Primary Industries and Regional Development workshop – delivered by BDO consultants – teaches you how to apply the capitalisation of profit valuation methodology to your business. Through this process, you will identify your key risk and the value drivers and determine how to bridge your value gap. We also help you understand the options for investment, exit and succession and the implications of each. More... Source and Image: DPIRD

Aussie F&B back on world stage at fine food showcase

Austrade has highlighted Australian agrifood exporters on home soil with a spectacular showcase at Fine Food Australia.

Fine Food is known as one of Australia’s leading food and beverage trade shows. This year it was held in Melbourne from the 5 to 8 September 2022. More than 670 exhibitors participated in Fine Food, including 420 Australian businesses.

Around 50-strong buyer delegations from Japan, South Korea, Vietnam, the Middle East, and the Pacific met with Australian companies. Austrade facilitated 120 meetings to connect Australian exporters with international buyers. More... Source: Austrade | Photo: DPIRD

Apply now for AgriFutures Rural Women’s Award

The Rural Women’s Award is Australia’s leading award empowering and celebrating the inclusive and courageous leadership for women involved in Australia’s rural and emerging industries, businesses, and communities.

The Award has seen close to 300 exceptional women develop innovative projects that are contributing to a prosperous future for rural Australia.

Each state and territory winner receives a $15,000 grant provided by Westpac, as well as access to professional development opportunities and national Alumni networks.

Applications close on Wednesday 19 October 2022. More... Source and Photo: AgriFutures Australia

WTO: Global economy faces strong headwinds

World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy, according to the World Trade Organisation (WTO).

WTO economists now predict global merchandise trade volumes will grow by 3.5% in 2022 – slightly better than the 3% forecast in April.

For 2023, however, they foresee a 1% increase – down sharply from the previous estimate of 3.4%. More... Source: WTO | Photo: Vidar Nordli-Mathisen / Unsplash