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18 June 2024
Western Australian agrifood export eNews
The Department of Primary Industries and Regional Development (DPIRD) recently sent Trade Policy Officer Jack Cook to Hort Connections, Australia and New Zealand's premier horticulture trade show, held in Melbourne.
This event fostered valuable connections and knowledge sharing, allowing for interactions with industry leaders, government representatives, and relevant bodies. A market access briefing led by the Department of Agriculture, Forestry and Fisheries provided participants with crucial insights into navigating market entry.
A key highlight was the announcement of a $500 million investment in Australian horticulture R&D by Hort Innovation over the next decade through their Frontiers program. Frontiers isn't just about funding; it aims to attract new investors and innovative approaches to benefit growers. By focusing on key opportunities and solutions, the program seeks to propel the industry forward.
Hort Innovation chief executive officer Brett Fifield emphasised the program's focus on growers, saying Frontiers ensures investments directly impact them. Collaboration with industry and leading farmers ensures the program addresses critical needs.
Frontiers will target five key areas: Healthy Living, Adaptation and Resilience, Market Growth and Security, Disruptive Technologies, and Capability Building. These align with the Hort Innovation Strategy 2024-2026, positioning the Australian horticulture industry for long-term success.
Source: DPIRD / Hort Innovation | Photo: DPIRD
In 2022, Novolo's founders Dr Chirag Desai and Hugh Nguyen had a brilliant idea: using coffee waste to create skincare products. But it all started with just an idea.
That's where the Curtin Ignition program comes in. This intensive program equips aspiring entrepreneurs, academics, and innovators with the tools needed to turn their agtech or agrifood and beverage manufacturing ideas into thriving businesses.
The good news is the Department of Primary Industries and Regional Development is sponsoring 3 lucky businesses to participate in this year's program.
Don't miss this chance – apply now to the Curtin Ignition program.
Source and Photo: DPIRD / Curtin Ignition [Dr Chirag Desai and Hugh Nguyen displaying their products at a recent trade exhibition.]
The Western Australian Government last week welcomed representatives from Vietnam's Bà Rịa-Vũng Tàu (BRVT) Province, who led a delegation to WA for the first time.
Vietnam is WA's 14th largest trading partner, with $2.4 billion worth of goods traded in 2022-23, including $2 billion of WA agrifood exports to Vietnam.
The BRVT Province is one of the major economic and foreign investment zones in Vietnam with WA companies CBH (via Interflour) and Austal working in the region in recent years.
The 30-person government and business delegation, led by BRVT Deputy Secretary Nguyen Thi Yen and Vice Chairman Dang Minh Thong, met with Invest and Trade WA and Tourism WA, visited tourism and wine destinations in the South West, and explored opportunities in the vocational education and training sector with a visit to South Metropolitan TAFE.
Source: WA Premier | Photo: Hang Hoang / Unsplash [Vũng Tàu, Ba Ria - Vung Tau, Vietnam]
A report from Food Frontier reveals a robust plant-based meat sector in Australia, charting its own path even amidst global economic difficulties.
While plant-based meat companies worldwide face challenges, Australia's industry demonstrates resilience, particularly within the foodservice sector. This offers significant growth opportunities.
Join Food Frontier's webinar at 10.30 am (AWST) on 27 June 2024 to gain deep insights from their latest State of the Industry report. Explore:
- Key market trends in Australia's plant-based meat industry.
- Shifting consumer preferences towards plant-based options.
- The impact of policy on industry growth.
- Untapped opportunities in foodservice for plant-based meat.
Special guest Chef Adam Moore will share his unique insights into foodservice and explore the opportunities available in the plant-based meat industry.
Source and Image: Food Frontier
Wine consumption has been on a downward trend in recent years, but there's some good news on the horizon. A new report suggests the decline is slowing down.
While consumption dipped 3% annually between 2018 and 2023, that rate is expected to ease to 1% each year until 2028.
The value of the global wine market has also seen a slightly positive trend in the past five years, but it's predicted to stay flat around US$192 billion over the next five.
This slowdown is partly due to established wine markets like the United States, Italy, and France experiencing a more gradual decline in volume.
Source and Photo: Wine Australia
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), 2024.
