| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Agri & Animal Products » Topic

Australian agri exports grow to $80 bln thanks to higher-than-average rainfall

Zoom in font  Zoom out font Published: 2023-09-13  Origin: theguardian.com
Core Tip: According to a recent report, Australian agricultural exports have grown by $12.5 bln to $80 bln due to higher-than-average rainfall and high commodity prices.
According to a recent report, Australian agricultural exports have grown by $12.5 bln to $80 bln due to higher-than-average rainfall and high commodity prices. The Rural Bank’s Australian agricultural exports report for 2022-2023 stated that China led Australia’s top export market for annual growth, followed by Japan and the United States, with total agricultural export values almost 50% above the five-year average.

The report also warned Australian farmers could expect a smaller crop in 2023, which combined with a drop in commodity prices could mean a decline in export prices. Rural Bank’s head of agribusiness development, Andrew Smith, said the value of exports to China rose by $3.1bn or almost 23% in 2022-2023 to a record high of $16.6 bln. The almond industry also recorded growth.

The report also shows Victoria remains the largest agricultural exporter by value, responsible for almost a quarter of all Australian agricultural export trade (24.2%). Western Australia produced the largest export growth in agricultural commodities of any state last year, with increases in crop exports of 42% thanks to record production levels and high prices for wheat and canola.
 
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Processed in 0.053 second(s), 17 queries, Memory 0.85 M
Powered by Global FoodMate
Message Center(0)