- Meat exports rebound, up 39% for February
- Textile fibres saw the largest increases of 112%
- Agribusiness success reflective of agricultural property desire
Australian exporters rejoice as Australian Bureau of Statistics figures shows strong rebounds across many key exports.
The ABS data says exports of goods in February 2021 rose $502 million (2%) to over $32.1 billion. In a year-on-year comparison to February, ABS data says exports are up by 17%, or up by $4.593 million.
Meat exporters saw a rebound following what the ABS said was “due to planned abattoir maintenance closures. This year’s rebound was stronger than last years and was driven by beef and lamb.”
Federal Minister for Agriculture, Drought and Emergency Management, David Littleproud, told The Property Tribune it’s indicative of how desirable Australia’s exports are:
“Demand for Australian meat exports remained strong during the pandemic and is likely to stay elevated in the short term,”
David Littleproud, Federal Minister for Agriculture, Drought and Emergency Management
Putting that into context, Australia exports figures, according to the Department of Agriculture, Water and the Environment’s Quota Unit, is 14.658 million kilograms of chilled and frozen meat in February (14,658 tonnes). The next closest figures come from Japan at just over 5.6 million kilograms, followed by the Asian countries combined (not including Japan, Korea, or Taiwan) at 2.6 million kilograms.
Other agriculture also saw healthy recoveries, especially following a number of international trade disputes that affected Australian exports of barley, meat, and wine, among other products.
Cereals (including barley) saw increases of $159 million (up 14%, and textile fibres increased by $158 million (112%).
The robust Aussie spirit has kept us in good stead, with a savvy and innovative agricultural sector able to roll with the punches.
“Australian livestock supply chains were resilient and agile during the pandemic. In the international market place we stood tall while some of our competitors fell.”
David Littleproud, Federal Minister for Agriculture, Drought and Emergency Management
It’s a strong boon for agriculture, clearly reflected in the desirability of agricultural land.
Primewest made its foray into the area after seeing significant promise in agricultural real estate in early February, pitching in $350 million to get a new agricultural fund started.
The sale of Vitalharvest has been a protracted process and still ongoing, a bidding war between Roc Private Equity and Macquarie Agricultural Funds Management another indicator of the industries strength.
The Property Tribune has covered a number of other agricultural property stories showing the strength of the sector both the land itself, and the ASX listed companies investing billions.
Australia’s quality is outstanding, Minister Littleproud telling The Property Tribune:
“Our industry continues to deliver consistent quality meat products around the world. It will support the future profitability of Australian agriculture.
The combination of high international demand and domestic restocking intentions are what’s supporting record livestock prices at the moment.”
David Littleproud, Federal Minister for Agriculture, Drought and Emergency Management
