Although Rabobank’s agribusiness October outlook indicates growth in Australia’s wine and fruit exports, meat and grains are falling short. The monthly report shows that fresh orange exports continue to grow in price and volume, as well as wine exports to Canada.
Fresh orange exports have grown substantially since 2013, with global trade data indicating total Australian fresh orange exports of 197,000 tonnes in 2017. Global trade data shows that in 2017, key Australian export markets for oranges had increased in value by $107m, which is almost double the 2013 value. Over the same period, export volumes grew by about 46,000 tonnes, an increase of about 50 per cent on 2013.
Despite growth in some wine and fruit markets, dry weather and frost damaged winter crops in the grains and oilseed sector, with south-west New South Wales missing out on much needed rain over September.