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Support for agrifood and beverage businesses in WA
A webinar is being held on Wednesday 24 May and again on Wednesday 31 May, where attendees will hear all about Feasibility Grants available to agribusinesses or food and beverage manufacturers looking to expand, diversify or relocate their value-adding and processing operations in Western Australia.
If you’re considering investing in new capabilities or expanding your operations, it’s essential to determine the feasibility of undertaking such a project and understand whether it makes sense from an economic standpoint.
That’s where the Feasibility Grants come in – individual grants are available for eligible businesses ranging from $30,000 to $200,000 (excluding GST) to contribute towards feasibility studies and other de-risking activities to support your capital investment decision.
During this informative webinar, hosted by the Department of Primary Industries and Regional Development, you will be provided with all the essential details you need to know. You will learn: the importance of de-risking activities for your capital investment project; why de-risking activities are important when seeking outside financing for your project; the eligibility criteria for businesses and capital projects to apply; and the types of activities eligible for funding.
Don’t miss out on this opportunity to gain valuable insights into applying for a feasibility grant and get ready to take your business to the next level. Register now to secure your spot for the webinar on either 11 am ASWT on Wednesday 24 May or at 11 am AWST on Wednesday 31 May.
Source: DPRD | Photo: iStock
Austrade will run two workshops to help exporters learn more and make the most of their application for the Australian Export Awards.
Taking place on Thursday 18 May 2023 at 12pm AWST, and Tuesday 23 May
at 12pm AWST (for First Nation owned businesses), the workshops will cover: why you should apply for the Australian Export Awards; what makes a good application; judging tips; how to apply; followed by questions and answers.
If you want to attend, please register now. When your registration is approved, you'll receive an invitation to join the webinar.
Source and Image: Austrade | Related: Western Australian Export Awards Source: Invest and Trade WA
After three consecutive years of La Niña, the world is likely to experience an El Niño event in 2023, according to the latest Market Monitor report from the Agricultural Market Information System.
El Niño events can have a significant impact on crop yields and a strong El Niño could lead to drier-than-average conditions in Western Australia.
The El Niño-Southern Oscillation (ENSO) is currently neutral, but it will likely not stay that way for long. Both the Australian Bureau of Meteorology and the Climate Prediction Centre (CPC) of the United States National Oceanic and Atmospheric Administration (NOAA) have now issued an El Niño Watch. El Niño could occur as soon as during May-June-July this year, with a 62% chance of development during that time, according to NOAA CPC forecasts.
For WA, there are chances of both an El Niño and a positive Indian Ocean Dipole (IOD) developing from June, the Department of Primary Industries and Regional Development reports in its latest Seasonal Climate Outlook. If an El Niño coincides with a positive IOD, there is a clear signal for reduced winter-spring rainfall for large parts of the State's South West Land Division. More...
Source: AMIS / DPIRD | Photo: DPIRD
The global avocado trade will continue to grow in the next few years, but the market will be more competitive, forcing operators to not only be more efficient, but also increasingly sustainable, according to a new report by agribusiness banking specialist Rabobank.
Rabobank believes that the world avocado production expanded by a compound annual growth rate (CAGR) of approximately 7% over the past decade. For Australia, avocado production grew at a CAGR of 9% over the same period.
Attractive prices and returns have been primary drivers of expansion in key regions. Consumers are increasingly being drawn towards avocados due to their incredible healthiness. In 2022, Australia increased the export volumes of avocado by 35%, rising to 11,000 metric tonnes. More...
Source: Rabobank | Photo: DPIRD
The Embassy of the Republic of Indonesia, Canberra, and the Indonesian Consulate Generals of Sydney, Melbourne and Perth – in collaboration with key partners – are presenting the ASEAN Business and Investment Summit Roadshow.
The Roadshow is under the framework of Indonesia’s chairmanship of ASEAN 2023 and will promote opportunities for Indonesia-Australia economic cooperation under the Indonesia-Australia Comprehensive Economic Partnership, highlighting areas for advancing bilateral trade and investment.
Roadshow events are taking place across Australia from Tuesday 16 August until 30 May 2023, with the full program available online. The Perth event takes place 12.30 pm to 3.30 pm on Thursday 25 May 2023 at The University Club, The University of Western Australia. Registration for this in-person event is required. More...
Source: AsiaLink Business | Photo: Gede Suhendra / Unsplash [Jakarta]
The economies of the Middle East and Central Asia proved resilient in 2022 despite a series of global shocks. However, this year growth is expected to slow within the Middle East and remain uncertain within Central Asia, according to the latest Economic Regional Outlook on the Middle East and Central Asia by the International Monetary Fund (IMF).
The Middle East’s projected slowdown in growth is believed to be associated with allowing tight policies to fight inflation, reduce vulnerabilities, rebuild buffers, and cut oil production. On the other hand, Central Asia depends heavily on external factors, such as growth in their main trading partners, the pace of private transfers and monetary tightening.
Several countries within the region are unable to implement effective monetary policy due to the lack of fiscal policy coordination, or fiscal domination on behalf of one (or a few) powerful actors.
The IMF believes that countries within the region ought to benefit from strengthening monetary policy frameworks and fostering greater financial development, as well as enhancing the independence of central banks while reducing their economic costs. More…
Source: IMF | Image: Samuel Hanna / Unsplash [Suez Canal, Egypt]
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.
Subscribe to Western Australian Agrifood Export eNews.
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.
