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9 August 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.

Understanding and Optimising Your Value Workshops

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

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

Join us next month to identify opportunities to increase your business value, determine your current and target growth strategies, apply methods to value your business and understand options for investment, exit and succession.  There will be two online workshops: 

Workshop 1 – Understanding your business value
Wednesday 14 September 2022 – 9.30am to 12.30pm (AWST)

Workshop 2 – Optimising your business value and exit strategies
Wednesday 21 September 2022 – 9.30am to 12.30pm (AWST)

Each workshop costs $39 and registration is required. These workshops are part of the Department of Primary Industries and Regional Development's strategy to support the growth and development of WA businesses, contributing to the long-term prosperity of our great State. For further information, please contact Ryan Del Casale, email ryan.delcasale@dpird.wa.gov.auSource and Image: DPIRD

Export Supply Chain Service launched

Last week, Austrade launched the new Export Supply Chain Service (ESCS), to help provide Australian exporters with the information and insights they need to inform their decision-making.

ESCS coordinates insights to help stakeholders navigate supply chain issues while connectivity to international markets remains volatile.

The program will share insights with agribusiness, food and beverage exporters who may lack the resources to navigate complex international supply chain and logistics issues.

ESCS will also connect businesses with Austrade’s Global Engagement Managers and the Tradestart network, and advocate for exporters on supply chain issues within Federal Government agencies, and state and territory governments. More... Source and Image: Austrade

Creating value from food waste

Every year, one-third of the food produced in the world for human consumption is lost or wasted. To increase food security and productivity, efforts must be focused on minimising loss and creating new products from waste. This will in turn increase return to growers, reduce greenhouse gas emissions and improve the efficient use of resources required to grow, manufacture and transport food.

La Trobe University’s Research and Innovation Project, in collaboration with CSIRO, is conducting a series of free webinars to explore how research and industry can collaborate to tackle the challenges of food loss and waste.

Register for the first webinar that will be held on 18 August 2022 from 2 pm to 3 pm AWST. This webinar will introduce the topic of food waste and present case studies of how the Australian industry and researchers are creating value from food waste. More... Source and Image: CSIRO

EMDG operational review announced

Austrade’s Export Market Development Grants (EMDG) program is getting an operational review following an announcement from Australia's Minister for Trade and Tourism, Senator the Hon Don Farrell.

The Minister has asked for advice on the management, delivery and outcomes of the EMDG program. The operational review findings will help improve the effectiveness and efficiency of Government’s assistance to current or potential exporters, supporting them to generate additional export sales and deliver strong economic outcomes for Australia.

Austrade has been asked to report to the Minister within three months. External facilitator and former senior trade official John Angley will lead the engagement with stakeholders to support Austrade’s commitment to genuine consultation. 

For more information on the operational review and how to participate, visit the website EMDG Operational Review – have your say. Source and Graphic: Austrade

Investment opportunity in Australian protein

The COVID-19 pandemic has highlighted the issue of global food security. The growing world population is also increasing the demand for protein, making it difficult to source it sustainably through animals alone.

A possible solution to this is ‘alternative proteins’, which will play a crucial role in future food security. Australia has a major role to play in shaping this future.

According to Australia’s Protein Roadmap released by CSIRO in March 2022, a $13 billion technology-led protein investment awaits Australia. The Roadmap also identified that the future of global food security will rely on global access to proteins and the demand for protein is likely to increase by 20% between 2018 and 2025.

There is a need to source protein alternatively and sustainably. Australia’s $56 billion protein industry offers a strong foundation for the country to pave the way forward.

Australia is already poised to become a global leader in plant-based proteins – it  is the world’s third fastest-growing market for plant-based foods, and it is estimated that this sector would grow by 9% by 2030.

Several start-ups and large corporates are investing in Australia. Naturli’s Foods is building a vegan manufacturing plant in New South Wales and a US agrifood giant has invested $45.7 million in Australian plant proteins. More... Source: CSIRO / Austrade | Photo: Pinterest