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Victoria's food and fiber exports grow steadily, China is the strongest performing market

Date: 2019-12-27 Source: Ministry of Commerce Browse: 285
Recently, the Victorian Government Department of Agriculture released the "2018-19 Victorian Food and Fibre Export Report". The report shows that despite the difficult climate and market environment in the 2018-19 financial year, Victoria's food and fiber exports have maintained a steady growth trend. The annual export output value was A $ 14.2 billion, an increase of 98 million compared with the previous fiscal year. Australian dollar.
In terms of product categories, meat products remain Victoria's main export product. Victoria's meat exports are leading in Australia, accounting for 25% of the country's meat exports. The export output value reached A $ 4.1 billion, a year-on-year increase of 23%. The United States is still Victoria's largest meat export destination, with meat exports to China worth 687 million Australian dollars. A year of breakthrough growth for almonds, with exports valued at close to $ 500 million. Victorian wine continues to strengthen its leading position in global reputation such as quality, with export value up 12% to A $ 404 million and export volume up 8%.
In terms of export destinations, China is the strongest growing export market in Victoria, with Japan, the United States, New Zealand and Malaysia ranking 2 to 5. In the 2018-19 financial year, the total value of Victoria's exports of food and fiber products to China reached A $ 4.68 billion, a significant year-on-year increase of 45%. Among them, the products with the largest increase and the largest export value and quantity were animal fibers, including wool, wool oil and waste, other animal fibers, and yarn products. The export value exceeded A $ 1.436 billion, up 31% year-on-year. The report said that China has introduced a series of provisions to improve market access, which has brought opportunities for Australian meat, dairy and horticultural products. With the steady implementation of the China-Australia Free Trade Agreement (CHAFTA) and further reduction of tariffs, Australian agricultural exports to China will become more competitive. Supported by these favorable conditions, the value of food and fiber exports to China is expected to continue to grow significantly, and Victoria Industries will usher in the opportunity to establish a deeper trading partnership with the Chinese market.
Victorian Agriculture Minister Jaclyn Symes said the Victorian government's goal is to increase Victoria's total food and fibre exports to $ 20 billion by 2030. By 2050, the global population is expected to grow to 9.7 billion, which will increase demand for 70% of food and 73% of animal protein, which will bring unprecedented growth opportunities for the Victorian meat and dairy industry.
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