Australia expect Agri trade with India to pick up
NEW DELHI: Australia is looking to increase its agriculture trade with India largely of pulses and grains, given the rising demand in the domestic market, says Gregory Harvey, trade commissioner at the Australian High Commission.
Apart from pulses and grains, we will like to introduce new grain variety like lupin and expand trade in other commodities from cotton to oats. There is interest of Australian companies to bring in new technologies in dairy, grain storage and crop handling to India,” he says on the backdrop of a 40-member Australian agri-business and food business delegation visit to India from August 28 to September 1 as part of the Australia Business Week in India.
Australia's trade minister Steven Ciobo is leading the mission.
Further, Harvey says that they want research collaboration between universities and research institutes in the development of new crop varieties that produce increased yield, are weather and pest tolerant and have improved nutritional value to be further strengthened.
Overall, the total agriculture exports from Australia to India which it considers the 7th largest agricultural export market has risen by 244% in value from AUD $568.1 million to AUD $ 1955 million.
Australia was India’s 10th highest agricultural trading partner valued at $ 2.3 billion in 2016.
Source - The Economics Times