Australia: Victorian food and fibre exports hit record high
According to the 2016-17 Food and Fibre Export Performance Report, Victoria accounts for 25 per cent of Australia’s food and fibre exports, despite taking up just 3 per cent of the country’s land mass.
In 2016-17, Victoria accounted for 79 per cent of Australia’s dairy exports, 55 per cent of wool exports, 46 per cent of horticultural exports and 38 per cent of prepared food exports.
Prepared foods had a strong year, earning $1.5 billion, increasing by $164 million or 12 per cent last financial year.
Grains also had an excellent year, with an all-time record grain harvest, and exports valued at $1.8 billion in 2016-17 – an increase of $839 million or 87 per cent on the previous financial year.
The full report is available at agriculture.vic.gov.au/exports.