November 13, 2014
Despite increasing farm exports, Australia is losing market share in some of the world’s fastest growing and most important agricultural markets according to a new report issued by the Australian Farm Institute (AFI). Australia is rapidly losing market share in growing markets such as the ASEAN bloc, Central and South Asia – including India and Pakistan, Africa, and the Middle East according to a review of the value of Australia’s agricultural exports over the past 15 years. While North Asia’s foreign agricultural imports have increased 7% over the past 15 years to reach $220 billion in 2012, Australia’s share has increased by 6% while Brazil’s share has increased 17% on increased exports of soybeans and poultry. Also, Australia’s share of agricultural trade with the ASEAN region including Indonesia, Malaysia, and Thailand, fell from 25% in 1999 to 10% in 2012. To read further about the causes behind Australia’s loss of share in agricultural trade:
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