2014-01-09 05:56:03 - Australia Agribusiness Report Q1 2014 - a new market research report on companiesandmarkets.com
The Australian agriculture sector is recovering from a decade of subdued production growth due to extreme weather and a lack of investment. The industry is expected to remain buoyant in 2013/14, largely supported by export demand from Asia and higher prices for grains and oilseeds. In the longer term, we see major export growth opportunities in the sugar and livestock sectors. Although Australia will face stiff competition from Asian countries such as Thailand for sugar, and from the US and Brazil for meat, the country will remain a key player in those industries. As well as facing growing competition in its own region, Australia will very likely see high production costs and a vulnerability to extreme weather events.
Beef consumption growth
to 2017: 6.2% to 791,400 tonnes. Demand growth will be largely driven by population growth, as consumption per capita decrease over time due to health consciousness.
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