Australia’s 2022-23 wheat output to be 20% lower year on year to 29 million tonnes: USDA

Australia’s wheat output is likely to decline sharply on the year in marketing year 2022-23 (October-September) due to an anticipated drop in sowing area and yield on account of rising fertilizer costs, the Canberra attache of the US Department of Agriculture’s Foreign Agricultural Services said. According to the report dated April 27, Australia’s wheat output […]

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India’s wheat exports in fiscal 2022-23 likely to exceed target of 10 million tonnes: Minister Piyush Goyal

Commerce and industry minister Piyush Goyal exuded confidence that India’s wheat exports in the current fiscal will breach the initial target of 10 million tonne and may even touch 15 million tonnes. The country’s wheat exports have witnessed a quantum jump in recent years — from just 217,000 tonnes in FY20 to two million tonnes […]

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Jim Risch, a top US Republican senator wants Biden administration to enter into a trade deal with India

Jim Risch, a top Republican lawmaker from the US has welcomed India signing a trade deal with Australia, and urged the Biden administration to enter into a similar arrangement with New Delhi that can advance Washington’s strong economic agenda in the strategically vital Indo-Pacific region. “I’m pleased to see #Australia & #India sign a strong […]

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Australia’s resources, energy export earnings forecast to surge to a record $425 billion for 2021-22. 

Australia’s resources and energy export earnings are forecast to surge to a record-high $425 billion for 2021-22, according to the latest report from the Department of Industry, Science, Energy, and Resources’. Minister for Resources and Water Keith Pitt said the latest forecast is up a stunning 12 percent on the December 2021 quarterly projection of […]

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India, Australia sign landmark free trade deal in push for bilateral ties

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India and Australia on Saturday signed a landmark economic cooperation deal that will help the two countries boost bilateral trade at a time when they are looking at an alternative to China. The deal will allow India access to natural resources-rich nation, as New Delhi works to expand its manufacturing base. It is the first […]

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Australian govt programme to help local firms raise exports to India

A $1.5 million government programme will help create new export opportunities in India for Australia’s mining equipment and services companies, Australia’s Minister for Resources and Water Keith Pitt has said. Pitt made the announcement on Monday, as he visited the Bravus Mine in Central Queensland which is now producing coal for export to India. “The […]

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Australia seen remaining world bauxite leader

Australia’s bauxite production is seen growing over the next few years thanks to expansion plans by Rio Tinto and Alcoa, allowing it to remain the world’s largest producer, according to Fitch Solutions. Rio Tinto is the largest bauxite producer in Australia and reported production of 54.3 million tonnes (mnt) from all its mines for 2021, […]

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Australia says fresh investments to unlock potential of its critical minerals sector

The Australian government has announced a package of measures, including a $200 million Accelerator grants program, $50 million to support research and development, and an updated industry strategy as part of its 2022-23 budget to help unlock the minerals industry’s significant potential. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical […]

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India partnership to boost Australian critical minerals sector

A new investment partnership with India is set to unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. Minister for Resources and Water Keith Pitt said the government has allocated $5.8 million to the three-year Australia-India Critical Minerals Investment Partnership. “Australia and India are natural partners sharing mutual strategic and economic priorities […]

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Australia’s fisheries and aquaculture rebounds as demand for seafood recovers

Australia’s fisheries and aquaculture industry is expected to rebound during 2021-22 as economies re-open and demand grows for seafood. Executive Director of ABARES Dr Jared Greenville said when speaking about ABARES Australian fisheries and aquaculture: Outlook to 2026–27 that the industry’s gross value of production was forecast to grow by 10 per cent in 2021–22. […]

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