Australian horticulture production to pass $10bn by 2022
Growing domestic demand and improved export opportunities are the main factors. According to the report, fruit exports are projected to rise from $1.2 billion in 2016-17 to $1.5 billion in 2021-22.
“The assumed weaker Australian dollar, coupled with improved export opportunities in Asia following the implementation of scheduled tariff reductions under free trade agreements with China, Japan and the Republic of Korea, is expected to continue to stimulate fruit exports and encourage production,” the report said.
In the five years to 2015-16 the total value of fruit exports grew by more than $500 million to reach $1.1 billion, following a decade of contraction.
China was the largest export market in 2015-16, valued at $190 million, ahead of Hong Kong at $173 million.
source: weeklytimesnow.com.au
