(Posted on 15/10/19)
GrainGrowers in Australia has welcomed the Joint Standing Committee on Treaties (JSCOT) recommendation that the
Parliament ratifies the Indonesia-Australia Comprehensive Economic Partnership Agreement
(IA-CEPA), citing the significant opportunities it brings to the Australian grains industry.
GrainGrowers now calls on bipartisan support for the agreement and for the Australian
parliament to swiftly pass legislation to allow the trade agreement to enter into force.
“Indonesia is Australia’s largest wheat market with annual trade volumes typically around 4.2
million tonnes, valued at around $1.3 billion. The agreement includes a new quota of 500,000
tonnes of Australian feed grain to Indonesia per year, growing at 5% per annum.” said Brett
Hosking, GrainGrowers Chairman.
“This feed grain quota is equivalent to 12,000 b-double truckloads of grains and will create new
opportunities for Australian farmers as well as supporting growth and development for
Indonesia’s food manufacturing, stockfeed and livestock sectors.”
A critical component of IA-CEPA is the development of a grains-specific economic cooperation
initiative, the Australia-Indonesia Grains Partnership. The partnership will provide technical,
economic, and social programs to allow the grains and agrifood industries in both countries to
“With the release of the Australian Government’s report today it is now imperative that the
funding commitment for the Australia-Indonesia Grains Partnership by the Australian
Government is forthcoming. This is an initiative that will enable our growers to work with their
Indonesian colleagues and is critical for our businesses.” said Hosking.
The partnership will ensure that Indonesian stockfeed and livestock industries have the right
technical support when using Australian feed grains such as barley. This means that Indonesian
livestock sectors maximise their productivity when using Australian feed grains.
The National Grain and Feed Association (NGFA) in the USA has applauded the Senate Agriculture Committee... Read more
As Rio Tinto previously reported, the size of its Board peaked at 14 Directors during a transitional... Read more
ADM , a global leader in human and animal nutrition, has celebrated the opening of its new Central Milling... Read more
Bunge Global SA has announced that it has changed its segment and volume reporting to align with the... Read more
As the European Parliament prepares for the confirmation hearings of the new Commissioners, the Open... Read more
Multinational mining company, Rio Tinto, has releases its third quarter 2025 production results showing... Read more
Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop... Read more
Cargill has introduced Boston Dynamics’ four-legged robot, Spot, at its Amsterdam Multiseed crush... Read more
Holcim Australia has announced that Cement Australia (CA) - its joint venture with Heidelberg Materials... Read more
Heidelberg Materials and the UK Government have reached a funding agreement to build the world&rsquo... Read more