Growth in Australia Agricultural Sector for Export Market

Running head: GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 1
GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET
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Growth in Australia Agricultural sector for export market 2
Prior to growth in Australia agricultural sector for export market, agriculture can be
defined as the exercise or art of cultivating the earth, producing yields, and nurturing livestock
and in fluctuating degrees the ground work and selling of the resulting yields. On the other hand,
export market can be said to be a foreign republic to which properties and amenities from a
particular nation are sold. Agricultural sector is the greatest prospect business which includes a
market impression of occupation data (Griggs, 2011). The United State and Australia contracted
a mutual food security acknowledgment agreement in April 2017. The contract was signed
between the Australian Department of Agriculture and Water resource, and the United State food
and drug administration. The contract’s compliance was to be accomplished by the exporting
nation.
The contract is anticipated to greatly simplify Australian exports to U.S and vise verses thru
superior dependence on Australian food governor systems to guarantee the production of
nontoxic food. Foods included in this contract included seafood, egg products, dietary
supplements, fresh fruits and vegetables, canned food, dairy products, sweetmeat and baked
food. The following discussed information in this paper shall show the economic analysis
(McClannahan, 1998).
Consumers and sophisticated Australians are prepared to try new foodstuffs since the
residents have accommodated an increasing number of freshly arrived settlers from all over who
carry along different tastes and preference. In addition, remote travel is moderately common
particularly by the group now arriving in the work force plus these customers have extended
their cooking horizons. Australian demographics remain a like to those in the U.S hence huge
number of two-income people thus increasing the demand for consumer-ready nourishments.

Growth in Australia Agricultural sector for export market 3
The consumers from both states are willing to pay additional money for them to get healthy
lifestyles (Griggs, 2011).
Figure 1: The demand for consumer ready nourishment
(Source: Leroy & Pop, 2018)
Conferring to Global trade atlas data, Australian importations of U.S fishery, agricultural
and forestry products in 2016 remained valued at above 1.39 billion USD. Given that the
Australian big agricultural base plus market predictions for U.S nourishments foodstuffs are best
in regions drawing on inventive products, markets of scale and the U.S counter-seasonal seller of
fresh products. The nature of farming yields imported from to Australia from U.S consist mostly
of buyer oriented and transitional food products. Development in livestock trade has been
controlled by continued development in red meat and living animal trade. Veal and beef trade are