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17 May 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.

Deputy Premier to lead India trade mission with WA business leaders

The Deputy Premier will lead a Western Australian Government trade and business mission to India in July. 

The focus of the multi-sector mission is to strengthen government and industry connections, unlock opportunities for WA business in the Indian market and promote the State as a destination for tourists, students, talent, events, business and investment.

As part of this trade mission, the Government is launching the opportunity for WA businesses to be part of the delegation to India.

An online Expression of Interest (EOI) has been launched to participate in the mission from 12 to 19 July. The EOI is open to representatives from the following priority sectors which have been identified as part of the Diversify WA strategy:

  • International education and skilled migration.
  • Mining and METS.
  • Energy.
  • Innovation hubs and smart cities.
  • Primary industries.
  • Tourism, events and creative industries.

The mission will canvas a range of programs and initiatives across Delhi, Mumbai, Vijayawada and Chennai. The program will include ministerial meetings, group briefings, industry roundtables, one-to-one business matching, networking events, and Invest and Trade WA showcases. More... Source: WA Deputy Premier  | Photo:  Invest and Trade WA / JTSI

Four top tips for wine businesses planning to export

If you’re considering taking your business global and are interested in beginning your Australian wine export journey, there are a number of factors to consider.

Access to information on new market development, managing new export contracts, navigating the payment process and understanding how to overcome export challenges is crucial when planning to export.

Export Finance Australia has four tips for a successful export journey:

1. Familiarise yourself with your target market.
2. Have an effective cash flow management strategy.
3. Prepare for business growth.
4. Have an expansion strategy in place.

Access the full article on Export Finance Australia’s website.

If you need support to finance new market developments costs, call Export Finance Australia on 1800 093 724 or visit exportfinance.gov.au/wine for more information. Source and Photo: Export Finance Australia

Agrifood tech innovation – opportunity for Australia is bigger than ever

AgriFuture’s growAG is an online platform that connects agricultural research projects, organisations and research, investment, and commercialisation opportunities.

Managing director John Harvey started growAG after visiting the United States and discovering the massive potential of the agritech industry. Eat Just, Inc., a small agritech company, had raised US$300 million in its first round of funding. The growth of this industry globally has been continuous, with venture capital investments into agrifood technologies jumping to US$51.7 billion in 2021.

AgriFuture’s growAG is a collaboration between the Department of Agriculture, Water and Environment and Australia’s 15 RDCs. The platform has 40,000 users, over 2,500 research projects and 100 commercialisation opportunities listed. The platform allows investors to see all the innovation happening in Australia.

Western Australia excels at agriculture, farming and research, and has all the environments available to test technology. This gives WA a great opportunity to be a powerhouse for developing and exporting technologies. 

Along with growAG, AgriFuture also setup evokeAG, which hosts agrifood tech events connecting farmers, startups, scientists, global business leaders and industry experts. From 21 to 22 February 2023 evokeAG will host a two-day international event in Adelaide. Source and Image: evokeAG 

Russia-Ukraine conflict impact on Aussie agriculture

Cost increases will be felt right across Australia’s farm sector in 2022, driven by expected further hikes in energy and, to some degree, fertiliser prices as a result of the Russia-Ukraine war, Rabobank says in a newly-released report.

In the report, The Russia-Ukraine War’s Impact on Food and Agri: What Oceania’s Food & Agri Chain has to Plan For, the agribusiness banking specialist says disruptions to trade flows from the two major agricultural powerhouses of Russia and Ukraine have had a major direct impact on global grains markets and will continue to keep global grain and food prices elevated throughout 2022 “and likely beyond”.

But it is the war’s impact on the key agricultural inputs of fuel and fertiliser – sending prices of both skyrocketing – which will cut into farmer margins in a range of sectors including not just grain, but also livestock and dairy, fresh produce, tree nuts and sugar, the report says. More... Source and Photo: Rabobank

WTO: Decoding the global supply chain disruptions

They say a good supply chain is one you never talk about because it just works. However, it's become a household phrase during the COVID-19 pandemic.

In this World Trade Organisation (WTO) podcast, WTO Chief Economist Dr Robert Koopman provides a big-picture view of current global supply chains, how we are in this position, and what the next wave of disruptions could look like.

The podcast includes comments from WTO Director-General Dr Ngozi Okonjo-Iweala, Bud Darr of global container Mediterranean Shipping Company, and Matthias Maedge of the International Road Transport Union. More... Source: WTO | Photo: Peter Leong / Unsplash [Port of Singapore]