Australian Farmers Grow and Sell Record $73 billion of Produce in 2021-22

Australia’s agriculture industry will produce a record $73 billion worth of produce in 2021-22 up from $66.3 billion in 2020-21 the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARE) September crop report released Monday said

Australia Produces 90% of World’s Fine Apparel Wool, 60% of Apparel Wool

The old saying Australia was built on a sheep’s back may have lost its impact but still today Australia produces around 60% of  apparel wool (< 24.5 um) and 90% of fine apparel wool (<19.5 um) the Independent Review of Australian Wool Innovation showed. 

China, Japan & EU Australia’s Agri Business Exports Top 3 Destinations

Australia’s agri-food exports increased in value for the seventh consecutive year in 2016/17, the top five destinations accounting for 48.2% of the value. The largest growth market in 2016/17 was India with China still the main destination.