Hor­ti­cul­ture ex­ports ri­val lamb

The Western Star - - Rural Weekly -

THE Aus­tralian hor­ti­cul­ture sec­tor con­tin­ues to go from strength to strength, with the value of hor­ti­cul­ture ex­ports clos­ing in on Aus­tralia’s lamb and dairy sec­tors.

That’s ac­cord­ing to the In Fo­cus: Hor­ti­cul­ture re­port re­leased by Na­tional Aus­tralia Bank (NAB).

Analysing data from the Aus­tralian Bureau of Agricultur­e and

Re­source Eco­nomics and Sci­ences (ABARES), the re­port re­veals the Aus­tralian horticultu­ral sec­tor is worth ap­prox­i­mately

$11.4 bil­lion, with growth in ex­port value a key fea­ture.

NAB Agribusi­ness Econ­o­mist Phin Ziebell said the growth in horticultu­ral ex­port value was closely linked to ben­e­fits flow­ing from the China-Aus­tralia Free Trade Agree­ment (ChAFTA), which en­tered into force in 2015.

“At a value of

$3.2 bil­lion, Aus­tralian hor­ti­cul­ture ex­ports are now comparable to those of lamb and mut­ton, and dairy, which are val­ued at $3.6 bil­lion and

$3.5 bil­lion re­spec­tively,” Mr Ziebell said.

“Im­proved mar­ket ac­cess and lowered tar­iffs un­der ChAFTA have had a large im­pact, par­tic­u­larly on fruit.

“The value of Aus­tralian navel or­ange ex­ports dou­bled in the first three years post-rat­i­fi­ca­tion, and man­darin ex­port val­ues tripled over the same pe­riod.”

❝are Ex­ports

now comparable to those of lamb and mut­ton...

— Phin Ziebell

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.