Pos­i­tive steps made for trade

Central and North Burnett Times - - RURAL WEEKLY -

GRAINGROWERS wel­comed news of the suc­cess­ful joint scop­ing ex­er­cise by Aus­tralia and the Euro­pean Union as a pos­i­tive step to­wards start­ing ne­go­ti­a­tions for a Free Trade Agree­ment.

Grain Grow­ers gen­eral man­ager, pol­icy and in­no­va­tion, David McKeon said while the EU was a sig­nif­i­cant grain pro­ducer in its own right, par­tic­u­larly of wheat and bar­ley, it pro­vided an im­por­tant mar­ket for Aus­tralian oilseeds.

“It is a par­tic­u­larly im­por­tant mar­ket for Aus­tralian canola, ac­count­ing for an av­er­age of 57% of our canola ex­ports mar­kets in the five years to June 2015, and worth $900 mil­lion a year,” Mr McKeon said.

“Aus­tralia is sec­ond only to Canada as the largest canola ex­porter in the world, at 2.5 mil­lion tonnes per year.

“Our canola has en­joyed a price premium of up to AUD$50 per tonne into the EU in re­cent years due to the Aus­tralian in­dus­try’s ca­pac­ity to care­fully man­age the sup­ply chain and de­liver non­genet­i­cally mod­i­fied canola.”


IM­POR­TANT MAR­KET: GrainGrowers is hope­ful Free Trade Agree­ment ne­go­ti­a­tions will hap­pen.

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