Australia’s food and beverage, grocery manufacturing and fresh produce industry had a total turnover of A$114bn (US$99.4bn) in the 2012-13 financial year, the Australian Food and Grocery Council revealed in its latest annual state of the industry report.
The food industry has come out largely in support of this week’s Australian federal Budget, which is being viewed by commentators as the toughest in two decades.
The news this week that Australia and South Korea have reached a free-trade agreement is a “tremendous shot in the arm for Australia's food and grocery manufacturing sector”.
Australia’s food manufacturing sector is facing significant economic challenges that require urgent attention from the government, according to the Australian Food and Grocery Council (AFGC) in it's annual assessment of the industry.
Australia’s carbon tax will hit the food industry hard with imports likely to be favoured in light of unavoidable price spikes, the Australian Food and Grocery Council (AFGC) has said.
Australia’s food and grocery sector desperately needs greater regulation in the retail sector and more transparency around foreign direct investment, Australian industry executives said in a new survey.
A government report in Australia has highlighted how heavily the two top supermarkets - Woolworths and Coles - are dominating the country’s food supply chain right up to the consumer’s grocery basket.
Two major food manufacturers in Australia have shut down factories under external pressures including the rise of the Australian dollar, high cost of raw materials, supermarket price wars and government policies.
