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21 March 2023
Western Australian Agrifood Export eNews
The Department of Primary Industries and Regional Development (DPIRD) has secured a Western Australian stand at the CP Foods Global Solutions Exhibition in Bangkok from 29 to 30 May 2023, for those participating on WA's stand ThaiFex Anuga 2023 (23 to 27 May 2023).
Participants on the WA stands at ThaiFex Anuga and CP Foods exhibitions will have their products showcased to buyers from Thailand and IndoChina, as well as CP Group owned retail (Makro, Lotus Supermarkets, 7Eleven, CP retail and CP Horeca), trading companies, airlines, online retailers and hotel groups. DPIRD will organise and manage both WA stands and provide Government representatives to provide support to WA business participants.
WA businesses interested in organising their own stand at the Makro/CP Foods exhibition can do so by contacting Kuhn Marcus at CP Foods at marcus@cpau.com.au.
Don’t miss out on this amazing opportunity – register now for the WA stand at ThaiFex Anuga and Makro/CP Foods by Wednesday 29 March 2023 (deadline extended to take up this offer). More...
Source: DPIRD | Photo: ThaiFex Anuga
Are you an agtech startup? A farmer who has developed new technology? A researcher looking to commercialise your innovation or a business looking to apply their technology in the agricultural sector?
Applications are open for Agristart Harvest, Western Australia's six-year-old leading agtech business program that has supported over 70 businesses. The program is valued at over $10,000 and is free for all successful applicants.
Accelerate the commercialisation of your innovation, connect with like-minded entrepreneurs and grow your industry networks with a two-day business bootcamp, masterclasses field trips and more. Applications close 30 March 2023. More…
Source and Image: Agristart
In 2022, a record 9.8% of the value of Australian agricultural, fisheries
and forestry exports went to the Middle East and North Africa (MENA) region, according to the latest snapshot from the Australian Department of Agriculture, Fisheries and Forestry.
Record exports were driven by bumper Australian grain and oilseed crops and disruptions to northern hemisphere supplies (drought and conflict); barley exports continuing to flow to Saudi Arabia; strong demand and prices for red meat in the United Arab Emirates and Saudi Arabia; and ongoing growth of Australian cotton exports to Türkiye. More...
Source and Graphic: DAFF
India’s growing population, rising consumer incomes, falling rates of vegetarianism and other demographic factors are increasing the demand for red meat, according to a recent market insight released by Austrade and the Australian Department of Agriculture, Fisheries and Forestry.
India is a major global producer and consumer of carabeef (buffalo) and sheep meat. Some sections of the population also consume beef.
Sheep meat has the strongest prospects for Australian exporters. This is due to dietary preferences and reduced tariffs under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA).
Demand for red meat in India is growing. In the immediate term, India is likely to remain a small market for Australian red meat exports. However, there is potential for future growth. AI-ECTA has reduced the import tariff on Australian sheep meat from 30% to zero.
Australian sheep meat exporters now have a tariff advantage over New Zealand, India’s main source of imported sheep meat. This will make Australian sheep meat more competitive in the Indian market. Australian exporters should build relationships with Indian importers and retailers now to benefit from future opportunities. More...
Source: Austrade / DAFF | Graphic: OECD / FAO
Port conditions have been improving throughout the Asia-Oceania region, increasing schedule reliability alongside a global decline in average vessel delays, according to the latest Export Supply Chain Snapshot from Austrade.
Port conditions are easing in New Zealand following the impacts of Cyclone Gabriel resulting in vessel wait times in Auckland reducing from 5 to 6 days, to 1 day for vessels arriving on schedule, benefitting many Australian exporters.
Container volumes are forecast to fall even further throughout 2023, signifying changing consumer habits. There will be a decrease in demand for imported containers to Australia, while demand for export containers increase.
The delivery of new vessels, and the retiring is expected have a net positive impact on capacity, pushing down pricing levels in the long-term.
The Export Supply Chain Service is an Austrade initiative to coordinate supply chain insights while connectivity to international markets remains volatile, capacity diminished and rates expensive. More…
Source: Austrade / Michael Unsplash [Napier, New Zealand]
Australian farmers continue to ride the rollercoaster of seasons, commodity prices and economic factors, with rural sentiment at the start of 2023 dipping to its lowest level reported since late 2018, according to agribusiness specialist bank, Rabobank.
The latest quarterly Rabobank Rural Confidence Survey released recently indicates a fall in sentiment within the rural sector as farmers continue battling economic and financial uncertainties. However, Western Australia and Tasmania have bucked the national trend, with increasing optimism from their producers.
Around 68% of Australian producers expect conditions to worsen due to falling commodity prices. This is a significant increase from 21% per cent during the previous quarter. The latest survey results reflect the combination of commodity prices, global economic challenges and high production costs facing farm businesses.
Although these issues are on WA farmers’ radars, they were buoyed by their second consecutive record-breaking winter grain crop. More...
Source and Photo: Rabobank
One year after Russia’s invasion of Ukraine upended agricultural commodity markets, food prices remain elevated even after retreating from their record highs in early 2022, according to the International Monetary Fund (IMF).
With two of the world’s largest exporters of wheat and other crucial crops entering a second year of war, many vulnerable countries still face heightened food insecurity. Fragile and conflict-affected states across the globe, home to 1 billion people, are at particular risk.
Eleven straight monthly declines have pushed food prices down 19% from a peak last March, the Food and Agriculture Organisation of the United Nations (FAO) said recently.
February inflation-adjusted prices remain below recent averages, but are returning to pre-war levels. The FAO Food Price Index shows that vegetable oils drove the decline in prices, along with dairy and cereals, while sugar and meat are little changed from early last year. More...
Source: IMF / FAO | Photo: OBV _design / Unsplash [Odessa Harbour, Ukraine]
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.
