Duxton’s Agri Bits and Pieces – Vol. 421
Posted on: April 12th, 2019

 

Quote of the week

While slowing Chinese growth is continually highlighted and various tensions between China and their Western (and Asian) trade partners, there are numerous burgeoning markets within the 10-nation Association of South East Asian Nations group hungering for Australian exports and business deals.

 

“It’s quite upsetting to hear all the recent talk of Asian growth slowing and a potential Asian recession, as the trend lines in Asia are often going strongly in the other direction. While China’s huge economy tended to dominate perceptions, there were many moving parts to the total Asian marketplace, and ASEAN was one of the most exciting. GDP growth for ASEAN’s six biggest players (Thailand, Singapore, Malaysia, Indonesia, Vietnam and the Philippines) is running at about 5pc.”

 

–        David Green, Chief Executive Officer for ANZ Singapore

Source: Farm Online, 8 April 2019

 

 

 

 

 

Federal Budget 2019: What’s in it for farmers and rural, regional Australia?

 

An collection of funds have been accumulated for regional communities and industries in the federal budget, with the wide range of new initiatives taking the place of headline grabbing announcements. Regional road safety and many targeted initiatives have benefited, such as weather stations in NSW and Queensland, a national drought map, farm sector workforce research, industry leadership, beef promotion, and the Farm Household Allowance.

Agricultural exports remain an ongoing focus for the federal government, with $29.4 million allocated over four years to increase access to offshore markets and break down non-tariff barriers. The package includes money to increase market access, improve access to plant genetics for the horticulture sector and more than $11 million to minimise the impact of non-tariff trade barriers.

The government announced last year it would spend $3.9 billion on the Future Drought Fund, which will invest $100m each year in water infrastructure and drought preparation.

Source: ABC Rural, April 2 2019

 

 

 

 

 

Canada says third canola exporter has run into trouble in China

Chinese authorities have filed a quality complaint against a third Canadian exporter of canola, Canada’s agriculture minister said on Tuesday, potentially deepening a trade and diplomatic dispute between Beijing and Ottawa.

Early last month, China cited the discovery of pests as the reason for blocking shipments of canola seed from Richardson International before expanding the ban to a second major exporter, Viterra Inc, then a third exporter.

Beijing has been angry with Canada since the chief financial officer of Chinese telecom giant Huawei Technologies Co Ltd was arrested in Vancouver last December on a U.S. extradition request.

Richardson, Canada’s largest exporter of canola seed to China, said on Tuesday it would “not be a painless exercise” to find new international markets if Beijing’s ban on imports continued in the long term. China accounts for about 40 percent of Canada’s canola seed, oil and meal exports, according to the Canola Council, with seed exports to China worth some C$2.7 billion ($2 billion) a year.

Canadian Trade Minister Jim Carr told the trade committee “We don’t think it’s in Canada’s interest to escalate the tension.” Carr said on Monday he was talking to other importers of canola, such as Pakistan, Mexico and Vietnam to discuss whether they might buy more.

Source: Reuters, April 3 2019

 

 

 

 

 

 

 

Chart of the week
The following graph shows that to produce an equivalent aggregate of crop production in 2012 required only about 32% of the land needed in 1961. The agricultural production index (PIN) use here is the sum of agricultural commodities produced (after deductions of quantities used as seed and feed). It is weighted by the commodity prices.

 

 

 

Source: https://ourworldindata.org/yields-and-land-use-in-agriculture

 

 

 

 

 

Joke of the week

 

 

 

 

 

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