Australian exports on the rise
10 December 2013
Livestock and livestock product export earnings are forecast to rise by $1.8 billion to $16.7 billion in 2013–14.
Minister for Agriculture, Barnaby Joyce, has welcomed today’s release of the December edition of Agricultural Commodities report by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
“It’s great to see the livestock export industry is growing stronger and recovering from the former government’s ban in trade in 2011. There are many Australian farmers and communities who rely on our livestock export trade, so the ABARES forecast of a $1.8 billion increase is good news,” Minister Joyce said.
“There is also good news for beef producers and dairy farmers, with export earnings forecast to increase in 2013–14 for beef and veal by 12 per cent, and dairy product exports forecast to increase by 24 per cent.
“Exports are generally looking good despite the challenges many Australian farmers have faced this year including drought, floods and high levels of debt. I know there are farmers doing it tough at the moment.
“In terms of exports, with the announcement last week of the Korea Australia Free Trade Agreement (FTA) we should see Australian producers of beef, dairy, grains, sugar, horticulture and wine achieving better access and export results.
“This really shows the Australian Government is determined to provide tangible benefits to producers at the farmgate,” Minister Joyce said.
The Agricultural Commodities report also forecasts crop exports to decline by 7.4 per cent.
“I note the report is forecasting a decline in crop exports. It’s one of the challenges of agriculture in a vast country like ours—we have farmers doing well in some sectors and farmers in other parts experiencing hardship,” Minister Joyce said.
“For farmers experiencing hardship, there is a range of farmer support measures designed to help in different ways—income support, debt relief, financial counselling and tax incentives.”
Agricultural Commodities is available at ABARES publications