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Australian brussels sprouts export prices have doubled in last 10 years

Brussels sprouts_Pixabay

Brussels sprouts exports have grown strongly since 2014–15, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)' agricultural commodities Outlook 2017 report, released this week.

Increased demand from Asia and a lower Australian dollar resulted in export prices doubling in real terms in the 10 years to 2015–16.

According to the ABARES report, improved export opportunities facilitated by tariff reductions are also expected to have contributed to the recent export growth.

"The Republic of Korea now accounts for a large share of Australia’s brussels sprouts exports and is expected to remain a key market over the medium term, with the tariff scheduled to be eliminated by 2019."

"Top triggers for purchase were health and taste. Key barriers to purchase included wanting a variety in their diet and price."

Source:http://www.freshplaza.com via goodfruitandvegetables.com.au 

Image: Pixabay_bykst

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“This project has been funded by the Australian Trade Commission as a part of the Asian Business Engagement (ABE) grant program and is supported by Trade and Investment Queensland and the Department of Agriculture and Fisheries Queensland.”

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