Sydney | Reuters — A trade deal signed with great fanfare between China and Australia has been touted as a major step toward Australia shifting its economy from a “mining boom” to a “dining boom,” but the reality is likely to be more sobering. Australia is looking to replace its reliance on exports of minerals […] Read more
Australian ag exports to China still face hurdles after trade pact
Australian farmers hold back wheat sales as dryness curbs yields
Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more
Australia, China on track to sign lucrative cattle deal
Sydney / Reuters – Australia will export up to 1 million head of cattle a year to China, worth around A$1 billion ($856 million), to meet booming demand for red meat under a long-awaited deal set to be signed shortly, Australian officials said on Friday. Shipping live animals from Australia to China has been discussed for many years. Official talks began […] Read more