The 2017-18 Budget continues initiatives focused on supporting NSW exporters, who account for 42 per cent of all Australia’s services exports, attracting international investment into NSW, and developing strategic industries such as defence.
Thirty Australian dairy industry representatives are in China on an Austrade-led trade mission to demonstrate their products, services and technology at the China Dairy Expo.
Australian melon growers can again have confidence in secure market access for honeydew and rockmelons, following the end of a temporary import suspension by New Zealand.
Australian farmers and Agribusiness owners are poised to reduce energy costs and further transform their energy use following the announcement that NAB and the Clean Energy Finance Corporation (CEFC) will provide an additional $180 million in finance for investments in energy efficient and renewable energy equipment.
Australian pork farmers have seen prices slide as imported pork products flood the market.
Higher grain prices and more favourable global dairy auctions pushed the NAB Rural Commodities Index 1.5 per cent higher in May 2017, with cotton, wool, and fruit and vegetables also performing well.
WA Premier Mark McGowan and WA Agriculture and Food Minister Alannah MacTiernan will join key agriculture industry stakeholders for the third of the WA Government's Industry Engagement Consortiums, focused on creating jobs and fostering economic growth in agribusiness.
As the Australian cotton harvest wraps up and growers look to next season, there is good reason for optimism, with Rabobank forecasting domestic prices to remain strong – above $520 per bale through 2017/18.