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The Implications for Australian Agriculture of Changing Demand for Animal Protein in Asia

What Australian agriculture should do to take full advantage of these changes is the main question that is addressed in this report. For a resource-constrained agriculture sector such as Australia’s, there will not always be easy opportunities to increase the volume of output. An important question is how the sector can best maximise the value that it extracts from emerging opportunities. By stimulating thinking and discussion on these issues, it is hoped that this research might act as a catalyst in the development of policies that best equip Australian agriculture to take advantage of these opportunities.Amidst all the changes that have occurred globally in agriculture over recent decades, one truism that seemingly remained constant was that over the longer term, the price of agricultural commodities continues to decline in real terms. However, recent developments have led many forecasters to suggest that this may no longer be the case, and that fundamental changes in agricultural markets will have long-term consequences and drive sustained increases in prices.

Whether or not such projections prove to be correct is yet to be seen, but there is no doubt that changes in food demand, as wealth increases in developing nations, and aggressive national biofuel policies are placing considerable upward pressure on global agricultural commodity prices. They will continue to do so for the foreseeable future.

Full Report
October 2007, pp. 1 - 92 (92 pages)Publisher: Australian Farm Institute
Author: Dalton, G, Keogh, M
ISBN: 978-0-9803460-7-7

$77.00


 
 




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