Duxton’s Agri Bits and Pieces Vol. 231

QUOTE OF THE WEEK

On Friday 17 April, the Directors-General of the World Trade Organisation (WTO), Roberto Azevêdo, and the UN Food and Agricultural Organisation (FAO), José Graziano da Silva, met in Geneva to discuss how to further collaborate on the issue of trade and food security. This is considering the important role of open and strengthened food markets in supporting food security objectives. Roberto Azevêdo said:

I am delighted that we will now be able to enhance our work on this crucial issue which affects so many people, through an even closer partnership with the FAO. The WTO will be taking part in the preparatory work on FAO’s flagship publication, the State of Agricultural Commodity Markets…We have also discussed how the report could provide evidence and greater clarity on a range of issues related to the governance of trade flows and the pursuit of broader food security.

Read more: http://goo.gl/u1YCDj

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NORCO PREDICTING SOLID GROWTH IN CHINESE MILK EXPORTS

Norco’s chief executive says the possibilities for dairy exports into Asia are enormous.
The North Coast Dairy Cooperative began exporting fresh milk to China last year, and…

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Duxton’s Agri Bits and Pieces Vol. 230

QUOTE OF THE WEEK

This week’s quote comes from Anthony Pratt, the Executive Chairman of Visy, one of the world’s leading packaging and resource recovery companies. Presenting the key note address at the Global Food Forum in Melbourne, Mr. Pratt discussed Australia’s comparative advantage in exporting agricultural products and the coming “dining boom” for Australian economy.

We are now transitioning from the mining boom to the dining boom. It has now been long enough to see the improvement in food exports since the first Global Food Forum three years ago. In the last three years food exports have grown by 26% which is more than double the 12% growth in the previous three years. Processed food exports…have grown by 33% and this is almost five times of the previous three years growth of only 7%. These statistics are important because on the current trajectory, food exports of $33 billion are converging on iron ore exports of $52 billion.

Read more: http://goo.gl/hFc4nR

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FARMER’S ADOPT AUSTRALIAN BRAND

With country of origin labelling in the spotlight, two leading Australian farm representative groups have joined…

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Duxton’s Agri Bits and Pieces Vol. 229

QUOTE OF THE WEEK

Rabobank, one of the world’s leading food and agribusiness specialist banks, recently released their Beef Quarterly report which outlines current trends in the world beef market. Following its release, the report’s co-author Angua Gidley-Baird commented that lower Australian production levels will contribute to a continuation of high international prices and improved domestic prices for Australian producers.

As far as the Australian market is concerned, a supply contraction will take place against a backdrop of a low Australian dollar, a tight global supply, and some positive market developments including implementation of Japanese and Korean trade agreements. In essence, Australian beef producers haven’t seen such positive fundamentals in quite some time, all aligning at once.

Read more: http://goo.gl/mMZ1xq

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MORE JAEPA CUTS ROLLED OUT

With the second round of Japan-Australia Economic Partnership Agreement (JAEPA) tariff cuts taking effect this week, Coalition politicians have been out and about encouraging Australian exporters to take advantage of the benefits.

Agricultural Minister Barnaby Joyce said the Australian agriculture industry is already seeing some good uptake of JAEPA across a range of sectors under this historic trade deal.

“We…

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