Monday, November 17, 2014
Free Trade Deal with China
Well the so-called 'free trade' deal with China has been negotiated. The deal has been widely welcomed even though the full implications for Australian agricultural businesses have yet to be realised - Here are a few statistics which suggest there may be some problems for major egg producers in this country who could face stiff competition.
In 1998, the output volume of poultry eggs in China first reached 20 million tons, over four times that of the U.S., accounting for almost 40% of the global poultry egg output volume. In 2012, the output volume of poultry eggs in China totalled 28.612 million tons.
In terms of international trade, the export value of eggs and egg products from China in 2012 was USD 177.13 million, showing an annual growth of over 2%. The export value of eggs to other countries in the asian region was USD 166.688 million.
Food for thought for the big boys! But they don't care about anyone else so why should we care about them.