No images? Click here
18 April 2023
Western Australian
Agrifood Export eNews
The Asia-Pacific region’s premier agrifood tech event AgriFutures evokeAG. heads to Perth in 2024. evokeAG. will attract the entire agrifood innovation ecosystem – thought leaders, farmers, processors, innovators, accelerators, start-ups, researchers, universities, corporates, government and investors – to look at future possibilities for technology and investment across the agrifood, fibre and fisheries industries.
evokeAG. – which will be held at Perth Convention and Exhibition Centre on 20 and 21 February 2024 – will partner with the Western Australian Government to connect national and international representatives, and to showcase innovation and the State's food and beverage industry. The event has grown in popularity since its inception in 2019 and was most recently held in Adelaide, where it attracted more than 1,600 delegates from 20 countries.
WA Agriculture and Food Minister Jackie Jarvis said AgriFutures Australia and the Department of Primary Industries and Regional Development have a strong working relationship and for several years there has been an intention to bring evokeAG. to Perth.
"Western Australia's strong connection with Asia and our excellent universities means we are well placed to become a hub for agrifood innovation and investment into the future," the Minister said. "We look forward to hosting evokeAG. – bringing together innovators from across the country and around the world, to look at new possibilities for food and farming in the future.” More...
Source and Photo: WA Minister for Agriculture and Food / evokeAG. [At today's announcement, L-R: DPIRD Executive Director Agribusiness Food and Trade, Liam O'Connell; AgriFutures Australia Director, Dr Bill Ryan; WA Agriculture and Food Minister, Jackie Jarvis; Chief Executive Officer of Whole Green Foods, Nick Stamatiou.]
Wheat exports were the driving force behind Western Australia’s record $15.5 billion of agricultural, fisheries and forestry (AFF) products exported in 2022, according to the Western Australia agricultural export snapshot 2022 recently released by the Australian Department of Agriculture, Fisheries and Forestry.
The top three exports for 2022 were all grain commodities, with wheat ($5.5 billion), canola seeds ($3.8 billion) and barley ($2.1 billion) leading the way, followed by wool ($685 million) and sheep meat ($624 million).
WA’s share of Australia’s total AFF exports has risen steadily since 2017 and in 2022, a record 20% of total Australian AFF exports came from WA, while the total value of WA's AFF exports were 68% higher (in 2022 dollars) than the drought affected years of 2019 to 2021.
Department of Primary Industries and Regional Development (DPIRD) Grains Director Kerry Regan said the growth in WA's share of Australia's total AFF exports was a testament to the hard work and innovation of every WA farmer.
“WA saw another record harvest last season, with more than 26 million tonnes of grain produced by growers,” Ms Regan said.
“With wheat, canola and barley the top three agricultural exports from WA, DPIRD is proud of the research and development it is undertaking to help WA grain growers improve their productivity.” More...
Source: DAFF / DPIRD | Photo: DPIRD
Are you looking to grow and scale your business but you’re not sure how?
Established or emerging small or medium enterprises in Western Australia's food and beverage manufacturing sector are being invited to participate in ScaleUpWA 2023, a City of Canning business mentoring program initiative. You’ll learn how to identify new areas and opportunities for growth, craft investable business structures to transform your business, and build compelling pitches.
Co-funded support packages from the Department of Primary Industries and Regional Development (DPIRD) are available to participate in this purpose-built program designed to assist businesses with creating and capturing value, as well as establishing market and funding connections. Successful applicants will receive DPIRD support to cover of 50% of the program fee. There are only five sponsorship opportunities available. You do not need to be located in the City of Canning to apply. Applications close Friday 5 May 2022.
For further details, please contact Ryan Del Casale at the DPIRD team on 08 9368 3642, or ryan.delcasale@dpird.wa.gov.au. More...
Source: City of Canning / DPIRD | Photo: DPIRD
Western Australian wine exporters are participating in this year's Vinexpo, the most influential wine trade fair for wine and spirits professionals in the Asia-Pacific region. Held every two years, the event is making a return in 2023 as Vinexpo Asia, held from 23 to 25 May at Singapore’s Marina Bay Sands.
The three-day business-to-business trade event will provide the opportunity for wine producers to showcase their brands to the most influential buyers, importers, distributors, producers, sommeliers and merchants from across the region and around the world. An estimated 8,000 trade visitors are anticipated.
WA Wines to the World, in collaboration with Wine Australia are introducing an unprecedented activation for the 2022-23 program with an investment exceeding $100,000, manifesting opportunities for smaller new-to-market exporters, in addition to more established producers in a burgeoning market. WA Wines to the World is an industry-led export program, with funding support from the Department of Primary Industries and Regional Development, that aims to significantly bolster WA wine markets on an international scale.
To find out more on WA wine export activities, please contact Liz Mencal at liz@hydraconsulting.com. More...
Source and Image: WA Wines to the World
A United Kingdom and Europe Market Outlook 2022-23 report has just been released highlighting trade and investment opportunities for Western Australia within this US$24.6 trillion market.
Produced by the Invest and Trade WA team at the Department of Jobs, Tourism, Science and Innovation, the report says Europe remains an important market for select WA agricultural exports, while the UK is a leading market for the State’s wine exports, with potential to grow exports there by increasing awareness of WA brands.
As the State's fifth largest trading partner between 2021 and 2022, WA’s top primary industry exports to the UK and Europe over this period were canola seeds, gold coins and gold ore.
WA trade opportunities will only expand within the region through the Australia-United Kingdom Free Trade Agreement – expected to enter into force shortly – and the Australia-European Union Free Trade Agreement, which may be finalised this year. WA energy, tourism and events, mining, defence, space and primary industries will all be able to grow through new market opportunities within the European continent.
Visit the Invest and Trade WA website for market outlooks for other key international markets, including ASEAN, China, Gulf Region, India, Indonesia, Japan and South Korea. More…
Source: Invest and Trade WA | Photo: DPIRD [WA exported $1.89 billion of canola seeds to Europe in 2021-22.]
Do you want to know how to tackle the biggest challenges facing the Western Australian grains industry? Do you want to hear from world-class scientists about the latest technology hitting your paddocks?
The Department of Primary Industries and Regional Development (DPIRD) is excited to announce the launch of the Grains Convo newsletter. Due for release once a month, the newsletter is an opportunity for you to stay up to date on research findings and cutting-edge developments from the DPIRD grains research team.
The newsletter will offer invaluable insights into the WA grains industry and keep you up to date on conferences and field days where you can speak with DPIRD's talented team of research scientists face to face.
Subscribing is simple. Head over to this link, put in your email address and you will receive the first edition this month.
Source and Photo: DPIRD
Australian honey exporters will benefit from new digital reforms that streamline the export certification process to Great Britain and the European Union (EU), the Australian Department of Agriculture, Fisheries and Forestry (DAFF) advised last week.
On 30 March 2023, certification for honey and apiculture exports for human consumption became available via the Next Export Documentation System (NEXDOC) for Great Britain (England, Scotland and Wales) and the EU.
For honey exports to the EU’s members and markets, they will benefit from moving to a digital electronic certification exchange (eCert). This is the first time DAFF has moved from a completely manual process to eCert, allowing a paperless exchange of certificates to make trade arrangements simpler, more efficient and more secure.
Under the new system, honey exporters will no longer have to submit lengthy paper applications to DAFF for their export certification, which will significantly reduce processing times.
The transition to a digital certification process is expected to benefit honey exporters and contribute to the forecast record value of $75 billion for Australian agriculture exports in 2022-23. For more information, please visit the NEXDOC website. More...
Source and Photo: DAFF
The GEP Global Supply Chain Volatility Index shows supply chain vulnerability is at its lowest level since August 2020, according to latest Export Supply Chain Service Snapshot from Austrade. The index – which tracks demand conditions, shortages, transportation costs, inventories and backlogs – peaked above 6.0 in late 2021 but has reduced to 0.048 as of February 2023.
Shipping lines and customers are currently in negotiations for long-term, fixed contract pricing, set to take effect from May 2023. United States-based supply chain management company Flexport believes that fixed rates are likely to settle approximately 30% higher than current spot rates.
From 2024, the European Union will enforce carbon taxes on shipping lines carrying goods within, to and from Europe. As a result, shipping lines must search for alternative fuel sources, or accept the taxes to continue with current fuels. With alternative fuel options not yet readily available in commercial volumes, adopting sources like liquefied natural gas (LNG) may increase costs by up to 340%, while simply accepting the taxes will lead to a minimum of a 35% increase. More…
Source: Austrade | Image: Chuttersnap / Unsplash
The International Monetary Fund (IMF) has released the 2023 World Economic Outlook, labelling it to be “a rocky recovery”. Inflation is gradually falling (from 8.7% to 7% between 2022 and 2023 respectively), but economic growth remains historically low and financial risks have heightened.
The global economy has been battered in 2022 by central banks’ tightening of monetary policy to allay inflation, limited fiscal buffers to absorb shocks amid historically high debt levels, commodity price spikes and geoeconomic fragmentation personified by the Russo-Ukraine war. Despite these influences likely continuing into this year, the outlook for the global economy appears hopeful.
China’s reopening has been strong and crude oil prices are projected to fall by roughly 24% in 2023, and a further 5.8% in 2024, which will have significant trickle-on effects throughout the global economy. Investors have been made nervous and financial market have been roiled by the collapse of two regional United States banks and the collapse of confidence in Credit Suisse.
The economic slowdown is most apparent in advanced economies compared to emerging markets, as the real interest rate sits at around -5% and 1.2% respectively. The IMF forecasts that growth will bottom out at 2.8% this year before rising modestly to 3% in 2024. More...
Source: IMF | Photo: Timelab / Unsplash [Port of Hong Kong]
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.
