Australia is set to join 10 other nations in signing up to a revised version of the Trans-Pacific Partnership (TPP) trade deal which is likely to open new grain trade opportunities.
The Trump administration’s swift action in winding back environmental regulations and working to reduce taxes on the agricultural sector has gone down well with United States farmers and ranchers. But, they do have concerns about their government’s precipitant approach to international trade.
The world wheat production total, forecast at 752 million tonnes (Mt), has changed little from the 2016 output of 754Mt, according to the United States Department of Agriculture (USDA) November report.
The Australian Competition and Consumer Commission’s annual Container Stevedoring Monitoring Report says operating profits per twenty-foot equivalent unit (TEU) have risen by 25.7 per cent in 2016/17.
State parochialism is confusing potential overseas buyers and having a counter-productive effect on Australia securing trade opportunities for its agricultural products, according to Ridley chief executive officer, Tim Hart.
When a chartered Qantas B747-400 jumbo jet takes off from Toowoomba’s privately-built Brisbane West Wellcamp Airport on September 3, it will be taking a lucky group of agricultural producers, processors, exporters, financers and local government representatives on a specially-tailored trip to Hong Kong.
National grain farmers’ representative body, GrainGrowers, has welcomed news the federal Government has launched free trade agreement (FTA) negotiations with the Pacific Alliance – a major trading bloc made up of Mexico, Colombia, Chile and Peru.
A special tour to Hong Kong in early September will give people involved in Australia’s agricultural industries the opportunity to learn more about the Asian market and connect with potential customers in the region.
National representative body, GrainGrowers, will work to enhance export opportunities for Australia’s quality grains and improve business relationships with major customers in Vietnam and China over the next fortnight.
Grain Central takes a look through the eyes of some of the industry’s peak bodies at what the key issues are likely to be in 2017.