/ 08 June 2022

Farmers defy setbacks with bumper food exports

Image source: iStock
Image source: iStock

Speaking of soggy weather and supply chain disruptions, ​​Aussie farmers are set to do marvellously well in export markets with a record $65 billion next financial year. The value of total output is set to top $80 billion for a 2nd straight year. The official commodity forecaster ABARES says Australia’s agricultural sector has attracted high prices with the Ukraine war and poor conditions in North America, sending commodity prices skyrocketing – all as our farmers boosted wheat, barley and canola harvests. Not that it will translate into lower food prices anytime soon… Crop losses in flood-hit areas of Queensland and NSW and soaring costs for fuel, gas and fertiliser are painful for producers and at the supermarket checkout. And the fast-food chains aren’t immune with KFC subbing out iceberg lettuce for cabbage and many Subway outlets doing away with it altogether.

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