Staying competitive in international markets\u00a0<\/p>\n
Agriculture remains one of Australia\u2019s most powerful economic engines says CBA Agriculture Economist Dennis Voznesenski.\u00a0<\/p>\n
\u201cAustralian farmers are rapidly innovating and scaling to stay competitive with international peers. The drive to stay relevant in a very competitive global market is helping grow the Australian agricultural sector,\u201d he said.\u00a0\u00a0<\/p>\n
2025 is proving broadly positive for Australian farmers.<\/p>\n
Despite droughts in parts of South Australia and Victoria, national winter crop production remains resilient. Wheat and barley prices have softened, but strong local yields provide optimism. Canola is a standout, and in November Australia loaded the first shipment of canola to China in five years. With this year\u2019s canola crop possibly the second largest on record, the return of China is welcome news.\u00a0<\/p>\n
Livestock is also holding firm, supported by global demand, Voznesenski said.\u00a0\u201cChina\u2019s appetite for beef remains healthy, and US imports are at record import levels.\u201d\u00a0<\/p>\n
Regional strength and diversity\u00a0\u00a0<\/p>\n
Few regions illustrate Australia\u2019s agricultural scale and diversity better than Griffith in the Riverina.\u00a0<\/p>\n
\u201cOne in four bottles of wine produced in Australia comes from Griffith,\u201d Mayor Doug Curran said. \u201cIt\u2019s also home to a third of the nation\u2019s citrus.\u201d\u00a0<\/p>\n
Griffith is a prime example of the kind of diversity that makes Australian agriculture so resilient, CBA General Manager in Regional and Agribusiness Banking Josh Foster said.\u00a0<\/p>\n
\u201cFrom citrus and wine to grains and cotton, the Riverina shows how diversity and innovation keep regional economies strong.\u201d\u00a0<\/p>\n
\u201cThe biggest talking point in my community right now is opportunity”\u00a0
– CBA Agri exec Tom Rookyard\u00a0
\nOpportunity in an unpredictable future\u00a0<\/p>\n
Across the country, farmers are balancing a mix of optimism and practical responses to challenges. In Northern NSW producers are feeling positive despite global market volatility, CBA Agri Executive Tom Rookyard said.\u00a0<\/p>\n
\u201cThe biggest talking point in my community right now is opportunity. Beef prices in America are influencing our markets, and that\u2019s turning into opportunity for producers out here,\u201d he said.\u00a0<\/p>\n
Further south, in Victoria\u2019s northwest, resilience is the focus.\u00a0\u00a0<\/p>\n
\u201cRight now everyone\u2019s talking about how tough it is balancing rising input costs with unpredictable weather, whether it\u2019s fuel, fertiliser or feed. We\u2019re all trying to plan for a future that\u2019s harder to predict,\u201d said Gabriela Munari, CBA Agribusiness Analyst.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Staying competitive in international markets\u00a0 Agriculture remains one of Australia\u2019s most powerful economic engines says CBA Agriculture Economist…\n","protected":false},"author":2,"featured_media":297960,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,139524,164,1474,44,13262],"class_list":["post-297959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-cba-story","tag-economy","tag-innovation","tag-news","tag-regional"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/297959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=297959"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/297959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/297960"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=297959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=297959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=297959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}