FTA with Indonesia positive for Australian grain
The FTA with Indonesia is welcomed by Cargill Australia
Cargill Australia has welcomed the signing of the Free Trade Agreement between Australia and Indonesia.
Managing Director, Erik Wibholm, said the agreement was important for the Australian grains industry.
“Wheat is the single largest Australian agricultural export to Indonesia and Indonesia is Australia’s largest wheat trading partner, valued at approximately $1.3 billion,” Erik said.
“While the majority of the grain trade to Indonesia is for milling, the agreement should support an improvement in trade for feed grains. Indonesia’s feed grain consumption is estimated at 18 million tonnes in 2017 and is growing by 1.1 million tonnes per annum.”
Under the proposal, improved feed grain market access conditions include import permits granted automatically for 500,000 tonnes per annum of Australian feed grains at a 0% in quota tariff. Tariff rate quota volumes will grow at 5% annually.
As part of the FTA, an Australian-Indonesian Grains Partnership is proposed, which will bring together decision makers from government and industry to maximise the opportunities and collaboration amongst the Australian and Indonesia grains, food processing and livestock sectors.
Cargill believes in the benefits of trade to improve the social and economic development of countries and better outcomes for farmers, agricultural businesses and food processors.
The FTA is subject to ratification of the Australian and Indonesian governments.
For more information contact AWB Grower Service Centre - 1800 447 246
The big three of canola breeding. Colorado, Saskatchewan and Horsham
Introducing the next big VICTORY canola variety is a trans-continental affairRead More
Get paid now or get paid later: AWB Harvest Pool provides new payment options for growers.
With the wheat crop now coming off and prices at five year highs there has been a lot of inquiry around our Deferred Distribution option with the AWB Harvest Pool. Growers who deliver to...Read More
Thoughts on harvest with David Cripps, AWB Territory Manager, Geraldton
David Cripps has worked in the ag industry his whole life. This harvest he is working with growers to make the most of their options.Read More
Ben Cotsford, AWB Territory Manager talks about options this year
As the Territory Manager for the Kwinana Zone, Ben Cotsford loves dealing with growers. His daily ritual is to check market movements and to highlight opportunities for growers. In talking about options...Read More
Know your grain marketing options
This harvest we are are offering you a range of options to help market your grain and manage your risks. Subscribe to our...Read More