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Can we feed a 'Big Australia'? : Comments
By Michael Lardelli, published 11/5/2010Will Australia's capacity to produce food into the future be the same as today?
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Australia has a worldwide reputation for producing superior quality, premium food. Australian food producers are committed to providing the highest international standards of quality management and food safety.
The value of Australian food exports declined by around 3 per cent in 2006–07 to $23.3 billion compared with the previous year. Food exports reached a peak of $30.8 billion (2006–07 dollars) in 2001–02 and have been declining since, largely due to drought and changes in import demand from overseas markets. [DFAT and DAFF].
This is an archaic extract, yet illustrates the fact that our balance of trade in relation to food produce since 1998 has continued to decline. We are in the 'red' regarding our overall balance of trade:[food/produce, merchandise, minerals and resources]