Date: Tuesday, 15th September 2015
Source: theage.com.au, 03 September 2015
Australia’s dairy industry is set to lose at least $20 million in expected tariff cuts if the FTA with China is not implemented before Christmas, according to Australian Dairy Farmers president Noel Campbell. Additionally he stated the deal would create 600-700 dairy industry jobs in its first year, with future growth expected. Under the agreement, tariffs of up to 20% on Australian dairy products will be abolished within four to 11 years.
Economic Report – Rural Commodities Wrap (English)
Source: NAB, 07 September 2015
The NAB Rural Commodities Index continues to rise in AUD terms (up 4.1% in July), supported by a lower dollar and higher beef, fruit, domestic wheat and sugar prices. Prices have seen greater tumult on international markets as stormy US weather affects major grains and continued sluggish international demand continues to punish dairy auction results. Overall the index was down 0.4% in USD terms in July.
How to stay the course on China (English)
Source: ANZ, 11 September 2015
Since 1980s, per capita consumption of beef in China has increased more than tenfold and now features on many mid to high-end restaurant menus. Australia is China’s largest supplier with an unrivalled brand and reputation for quality and food safety. Australian dairy also services this need for safe, additive-free supply. However due to current tariffs, Australian fresh milk retails in Shanghai supermarkets at $A9 to $A12 a litre and Australian yoghurt at $A12 to $A15 per 500 grams.
Joyce provokes Fitzgibbon on ChAFTA (English)
Source: Stock & Land, 05 September 2015
Agriculture Minister Barnaby Joyce has called on Shadow Minister Joel Fitzgibbon to declare his backing of the China-Australia Free Trade Agreement (ChAFTA) and its potential benefits to local farmers. The National Farmers Federation (NFF) joined with other like-minded groups to reject the unions’ ferocious claims while siding with the Abbott government and Federal Trade Minister Andrew Robb, in demanding bipartisan support from the Opposition to secure the deal.
This brief summarises a range of publicly available news articles in both Chinese and English and AustCham takes no responsibility for the accuracy of the information in these articles. In addition, the views and opinions reflected in these articles are not necessarily representative of AustCham.
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