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Year of growth for Western Australia's agrifood and beverage exports
Western Australia’s agrifood exports increased by more than 30% in the 2022-23 financial year. Provisional ABS export data released for FY2022-2023 highlights positive growth trends in both Australian and Western Australian agrifood exports.
The new data outlines Western Australia's $16.2 billion (20%) contribution to Australia’s total $79.7 billion agrifood exports. Western Australia's agrifood sector achieved a record level of exports, exceeding FY2021-22 levels by $4 billion, and the industry's five-year average by $5.4 billion.
Whilst many subsectors experienced growth, a record season for wheat production led to an estimated 70% increase in the State's wheat exports. Significant export growth was also recorded for Western Australia’s lupin, barley, and cereal, hay and chaff industries. Notably, lupin exports by value increased from Western Australia's 12th to 6th largest agrifood export product in FY2022-2023.
“I would like to acknowledge the ongoing efforts of Western Australia's agrifood and beverage exporters, and their trade outcomes since the Covid-19 Pandemic" said Liam O'Connell, Executive Director, Agribusiness Food and Trade, Department of Primary Industries and Regional Development.
Source: ABS | Photo: Andy Li / Unsplash
Early bird tickets for Asia-Pacific’s premier agrifood tech innovation event, AgriFutures evokeAG, are on sale and will be available until Thursday, 31 August 2023. evokeAG 2024 will be held on 20-21 February 2024 at the Perth Convention and Exhibition Centre.
evokeAG will connect the agrifood innovation community from Australia, across the Asia Pacific region and around the world.
Building on the success of evokeAG 2023, this next instalment promises to bring together thought leaders and change makers in agriculture, research, innovation, investment and policy in one place. The event will build connections for a more resilient, productive and profitable agricultural sector and value chain.
The Western Australian Government is partnering with evokeAG to connect national and international representatives and to showcase agrifood innovation. More...
Source and Image: evokeAG 2024
The Australia-United Kingdom Free Trade Agreement (A-UKFTA) eliminated all tariffs on Australian wine exports to the UK, following its entry into force on
31 May 2023.
Prior to the A-UKFTA coming into force, Australian wine entered the UK at the
UK Global Tariff rate which ranged from GBP£0.10 to GBP£0.26 per litre (approximately, AUD$0.20 to AUD$0.52). The removal of tariffs on wine exports allows Australian products to be more competitive against wine producers from the European Union and other markets.
The UK is a leading market for Western Australian wine and there is potential to grow export volumes by increasing awareness of Western Australian brands. In 2022-23, Western Australia wine exports to the UK were worth $10.6 million, making it the State's top export market for wine. More...
Source and Image: Australian Department of Agriculture, Fisheries and Forestry and DPIRD
Export Finance Australia country profiles
Ensuring you have a good understanding of the opportunities and risks of doing business internationally could significantly impact your exporting success.
If you’re considering exporting or investing internationally, check out Export Finance Australia's country profiles, which cover the risks of doing business in different countries.
Each profile outlines a country’s economy, and business conditions – invaluable information if you’re considering exporting or investing overseas, particularly in an unfamiliar market. The profiles are regularly updated to provide as accurate a picture as possible. More...
Source and Image: Export Finance Australia
Global food commodity prices rose in July, influenced by the termination of the Black Sea Grain Initiative and new trade restrictions on rice, the Food and Agriculture Organisation of the United Nations (FAO) reported recently.
The FAO Food Price Index, which tracks monthly changes in the international prices of globally-traded food commodities, averaged 123.9 points in July, up 1.3% from the previous month but still11.8% below its July 2022 level.
The FAO Cereal Price Index averaged 125.9 points in July, down 0.7 points
(0.5%) from June and 21.3 points (14.5%) below its value a year ago. July's slight decline stems from a fall in international coarse grain prices, which declined by
4.8% from June.
The FAO Meat Price Index averaged 117.8 points in July, down 0.4 points (0.3%) from June and remaining 6.3 points (5.1%) below its corresponding month a year ago. International bovine meat prices fell, reflecting higher export availabilities in Oceania, coinciding with subdued import demand in Asian markets amid higher inventories and sluggish internal sales. More...
Source: FAO | Photo: Levent Kulu / UNOCHA [The Black Sea Grain Initiative was launched in July 2022 by the Russian Federation, Türkiye, Ukraine, and the United Nations to facilitate the safe export of grain and other foodstuffs from Ukraine through the Black Sea. The initiative was mediated by the United Nations and Türkiye.]
Australia’s first fully automated hands-free commercial farm, the Global Digital Farm (GDF), a high-tech collaboration between Charles Sturt University (CSU) and Food Agility Cooperative Research Centre, celebrates its first birthday.
With over $9 million in committed investment and six major research projects, the GDF – set over 1,600 hectares at CSU’s campus in Wagga Wagga, New South Wales – is well on its way to demonstrating the future of farming.
Food Agility’s Chief Scientist, Professor David Lamb, said the GDF has become a ‘landscape laboratory’ in its first year of existence. “We are only at the beginning of realising what the GDF can achieve,” said Professor Lamb.
“It is being built to become a national asset; a place of ideation, validation, and inspiration for the next generation of agrifood innovation. A place that is accessible to all Australian farmers and a place where important national and international partnerships are formed.” More...
Related: GDF one year video | Source: AgriFutures Australia | Photo: Charles Sturt University
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.
