Victoria has set a new record with food and fibre exports reaching $12.8 billion – the biggest total in the state’s history.
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.
A key strength of the Victorian food and fibre sector is its diversity and reputation for producing high quality, clean and healthy food for key export regions such as Asia.
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.
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 2015/16 financial year.
Other highlights of the report include:
- Citrus exports rose by $16 million, with an increase in exports to China of 38 per cent
- Wine exports rose to $290 million, with an increase in exports to China of 40 per cent
- Table grapes rose to $349 million, with an increase in exports to China of 45 per cent
- Wool exports rose to $1.8 billion, with an increase in exports to China of 19 per cent
- Lamb exports rose to $764 million, with an increase in exports to the USA of 23 per cent
Source:: Vic Government