Record Australia wheat exports seen on bumper crop, strong global demand

A second consecutive record wheat crop, strong global demand, and reduced competition are set to propel Australia’s wheat exports to record volumes, the USDA said in its latest report of world agriculture, making it the third-largest exporter, eclipsing the United States and Canada, which both have smaller crops, tighter stocks, and high prices. After three […]

Read more

Australia says agri production value, volume soar to historic heights

Australia’s farmers are on track to smash production value and volume records in 2021-22 on the back of exceptional seasonal conditions and a surge in world commodity prices. Despite recent flood and rain damage in the eastern states, the ABARES Agricultural Commodities: December Quarter is forecasting a history-making agricultural gross production value of $78 billion – […]

Read more

Australia’s resources and energy export earnings continue to rise

Australia’s resources and energy exports continue to surge, latest trade data confirmed, despite the challenges of the past 12 months, Minister for Resources and Water Keith Pitt recently said, pointing to the latest data from the Australian Bureau of Statistics’ International Trade in Goods and Services data for October 2021. “These latest figures confirm again […]

Read more

India seeks reciprocal, equitable access to foreign markets through FTAs: Commerce Minister Piyush Goyal

India is looking at reciprocal and equitable access to foreign markets through free trade agreements, which the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said. India is, at present, negotiating free trade agreements (FTAs) with countries like UAE, the UK, and Australia. Under a free trade agreement, two trading […]

Read more