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Weightying -25%Length 1100 wordsChoose one topic1) Growth in Australia agriculture sector for export market2) costs of production in any one or two industries in AustraliaChoose a one topic.

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Weightying -25%Length 1100 wordsChoose one topic1) Growth in Australia agriculture sector for export market2) costs of production in any one or two industries in AustraliaChoose a one topic.
Answered Same Day May 02, 2020

Solution

Shivagya answered on May 03 2020
130 Votes
Growth in Australia agriculture sector for export market
Introduction
The Australian agricultural industry has a revenue of AU$ 49.9 Billion in 2016/17 according to the Australian Agriculture Trade Performance report 2016/17, accounting for 12 % of the nation’s GDP. The industry on a whole generates employment for nearly 325,300 people across the country. To understand and get an idea about the issues existing in the industry and how they should be tackled, let us have a look at a few figures pertaining to the Australian agricultural sector to understand how the industry works and how it has been performing over the years. Nearly 80% of all of the agricultural product is exported. Below are a few key raw statistics for the industry.
    
    Trade Performance (2016/17)
    Difference w.r.t. last FY
    
    AU$ Billion
    AU$ Million
    Crop exports
    13.9
    +3,714
    Beef & Cattle
    9.5
    -1,885
    Wool & Cotton
    5.0
    +897
    Sheep
    3.2
    +139
    Wine
    2.4
    +184
    Dairy
    2.2
    -88
    Suga
    2.2
    +375
    Horticulture
    2.0
    -68
    Seafood
    1.4
    -81
The value of Agriculture based food products grew by nearly 8.5% or approx. AU$ 3.9 billion. While they accounted for nearly 13.7 % of all exports in 2016/17.
    Australia’s top 10 agro-food export destinations (excluding Sugar Exports)
    Country / Region
    Value of exports
(FY2015/16)
    Value of exports
(FY2016/17)
    Year-on-Year Change
    Key exports
    
    (AU$ billion)
    (AU$ billion)
    %
    
    China
    9.01
    9.32
    3.4
    Wool ($2,439m) Beef ($747m)
    Japan
    4.25
    4.34
    2.1
    Beef ($1,910m) Cheese ($375m)
    EU
    3.16
    3.78
    19.8
    Canola ($1,875m) Wine ($566m)
    USA
    4.61
    3.62
    -21.5
    Beef ($1,495m) Lamb ($620m)
    India
    1.28
    3.00
    133.7
    Chickpeas ($1,136m)
Wheat ($743m)
    Indonesia
    2.68
    2.92
    8.9
    Wheat ($1,263m) Live Cattle ($636m)
    Middle East & N. Africa
    3.46
    2.86
    -17.4
    Sheep meat ($684m)
Wheat ($624m)
    South Korea
    2.61
    2.52
    -3.4
    Beef ($1,229m) Wheat ($297m)
    Vietnam
    2.07
    2.13
    3.0
    Wheat ($568m) Rock Lobster ($516m)
    New Zealand
    1.57
    1.5
    -3.9
    Wheat ($138m) Chocolate ($130m)
The cu
ent business landscape is quite volatile in 2018, with USA ready to implement trade ba
iers against China and China poised to implement retaliatory ba
iers on imports from the United States. A lot many analysts predict this will help the Australian agro economy to gain further footing in the global trade landscape. With the value of Australian exports to China increasing and US exports to China declining, US...
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