{"id":12055,"date":"2015-10-13T16:59:08","date_gmt":"2015-10-13T08:59:08","guid":{"rendered":"http:\/\/westchina.austcham.org\/?p=12055"},"modified":"2015-10-30T17:09:23","modified_gmt":"2015-10-30T09:09:23","slug":"food-agribusiness-talking-points-13-10-2015","status":"publish","type":"post","link":"https:\/\/westchina.austcham.org\/?p=12055","title":{"rendered":"Food & Agribusiness Talking Points 13-10-2015"},"content":{"rendered":"

Date: <\/strong>Tuesday, 13rd<\/sup> October 2015<\/em>\u00a0<\/strong><\/p>\n

Rural Commodities Wrap \u2013 September 2015 (English)<\/strong><\/a><\/p>\n

Source: NAB, 01 Oct 2015<\/em><\/p>\n

Agricultural prices diverged in August and into September \u2013 protein and fibres generally rose while crops trended lower. Overall, the NAB Rural Commodities Index was flat in AUD terms in August (down 0.1%) and moderately lower in terms of USD (down 2.0%). The AUD continued its downward trajectory in August, before sinking below 70 US cents in early September. The AUD somewhat recovered in mid-September, but is still facing renewed downward pressure.<\/p>\n

What the FTAs really mean for Australia\u2019s agricultural producers (English)<\/strong><\/a><\/p>\n

Source: NAB, 02 Oct 2015<\/em><\/p>\n

There\u2019s the potential to export a lot more beef and live cattle into China. And China is also hungry for cattle feed. The Chinese are transitioning from a carbohydrate-based diet to a protein-based one; at present that protein is mainly coming from pigs and chickens, but beef will become increasingly important. Asian consumers see Australia as a clean country with high food safety standards, which is what agricultural producers should be trading on.<\/p>\n

Trans-Pacific Partnership \u2013 Highlights (English)<\/strong><\/a><\/p>\n

Source: NAB, 09 Oct 2015<\/em><\/p>\n

Earlier this week, Australia agreed to become part of TPP, including countries that account for nearly 36% of global GDP and one quarter of global trade. Since it aims to reduce trade barriers, the TPP will address some of the constraints that have restricted services trade. The TPP delivers tariff reductions and improved market access for Australian agricultural products. With TPP countries representing a third of Australian agricultural exports, these benefits are potentially significant.\u00a0<\/strong><\/p>\n

Chinese buy nation\u2019s largest dairy, Van\u00adDiemen\u2019s Land Company (English)<\/strong><\/a><\/p>\n

Source: Weekly Times, 13 Oct 2015<\/em><\/p>\n

Australia\u2019s largest and oldest dairy farm has been effectively sold for $220 million to Chinese owners. The near-completed deal comes in the same week as federal parliament prepares to debate the ChAFTA, and will be a test of Treasurer Scott Morrison\u2019s attitude to foreign investment. It runs a massive herd of 29,000 dairy cattle on a combined 19,000ha of fertile farmland in northern Tasmanian. VDL\u2019s new Chinese owners plan to further expand and develop its farms and associated infrastructure to focus on China\u2019s growing demand for infant baby formula and milk-based health drinks for its ageing population.<\/p>\n

 <\/p>\n

This brief\u00a0summarises a range of publicly available news articles in both Chinese and English and AustCham\u00a0takes no responsibility for the\u00a0accuracy of the information in these articles. In\u00a0addition, the views and opinions reflected in these articles\u00a0are\u00a0not necessarily representative of AustCham.<\/em><\/p>\n

For more details on how to get involved in the AustCham Beijing Food & Agribusiness Services Working Group, please contact <\/em>Andrew Britz<\/em><\/a>.<\/u><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Date: Tuesday, 13rd October 2015\u00a0 Rural Commodities Wrap \u2013 September 2015 (English) Source: NAB, 01 Oct 2015 Agricultural prices diverged in August and into September \u2013 protein and fibres generally …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38,26],"tags":[],"class_list":["post-12055","post","type-post","status-publish","format-standard","hentry","category-food-agri","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/12055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12055"}],"version-history":[{"count":1,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/12055\/revisions"}],"predecessor-version":[{"id":12066,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=\/wp\/v2\/posts\/12055\/revisions\/12066"}],"wp:attachment":[{"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westchina.austcham.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}