| | Budget 2022/23: Agribusiness and Food Sectors | On 25 October 2022, the Government unveiled its 2022-23 Federal Budget. The Government aims to build a more resilient, more inclusive and more modern economy.
Some major budget initiatives relevant to the agriculture and food industry include: - $61.6 million fast tracked to bolster Australia's biosecurity system
- $46.7 million increased funding for traceability initiatives
- $204.8 million for the forestry sector
- $12.3 million to support regional trade events
- $8.1 million to develop Australia's seaweed farming
- $20.3 million to support carbon farming
- $302 million to invest in sustainable agriculture through the Natural Heritage Trust
In addition to a $500 million allocation to the sector in the National Reconstruction Fund, the government is investing $111.3 million through targeted grants to stimulate regional manufacturing which will include funding to expand our food manufacturing capability and capacity across Australia. The Government is also providing $2.4 billion to improve the NBN, and $1.1 billion to increase connectivity in regional and rural Australia.
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| | Austrade website upgrade will help exporters connect to markets | We've just completed a expansion of export.business.gov.au. Australian food and agribusiness exporters can now search for insights on the best places to sell more than 6,300 products into more than 120 markets.
The site now includes data-driven guidance on how to find strong markets for your specific product based on Austrade's bespoke Trade Information Model. | | | | | |
| | Export Finance Australia is helping SMEs to unlock their potential | Export Finance Australia has supported a wide range of Australian SMEs to grow internationally. As the Government's export credit agency, it provides tailored finance solutions to best suit its customers' needs.
Get in touch with the team to discuss which finance solutions could help to unlock your potential. | | | | | |
| | | Demand booms for Bravo® apple in Southeast Asia | A unique Australian-grown apple is rising in popularity across Southeast Asia, thanks to its striking appearance, sweetness, juiciness and enormous health benefits. Austrade is working with Australian exporter WA Farm Direct and the Western Australian Government to showcase Bravo apples in Thai and Indonesian stores respectively. | |
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| | | The best of Australia's viticulture in north Asia | Under the Wine Country Managers initiative, Wine Australia and Australian Grape and Wine have partnered with Austrade and Australian embassies to run wine education seminars and marketing activities in Japan and Korea. Funded under the Government's ATMAC program, the initiative brings together exporters, importers, wine experts and buyers to increase sales in north Asia. | |
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| | | Breakthrough for dairy digestibility by Aussie company | In a world first, Australian dairy tech company Naturo has developed a 100 per cent fresh and natural milk that is twice as digestible as other processed cow's milk on the Australian market.
Naturo patented its Haelen milk processing technology in 2019, which extends the shelf life of fresh milk to 60 days. This latest breakthrough uses the tech to aid the digestion of dairy. | |
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| | | Australian Government commits to Global Methane Pledge | The Australian Government has formally joined over 120 other countries in pledging to reduce methane emissions by 30 percent below 2020 levels by 2030 across the energy and resources, agriculture and waste sectors.
The Global Methane Pledge is a voluntary commitment with 122 signatories including the United States, United Kingdom and the European Union. | |
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| | Export Supply Chain Service (ESCS): Industry Briefing 2 | ESCS invites you to attend the second public Industry Briefing on 14 November 2022 3:00pm - 4:00pm ADST.
Register to hear from ESCS Principal Michael Byrne and Australian Logistics Council CEO, Hermione Parsons. | | | | | |
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