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Ambitious by nature
Gilles Boumeester
ABARES, March 2015
Australian Agriculture taking its part of global food and fiber demand
World food demand
Rabobank Group 2
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
Agricultural exports
2013 USD million
Who are the biggest agricultural exporters?
Rabobank Group 3
Source: GTIS monthly USDA, 2015
Dutch disease dealing with an inflated exchange rate
Rabobank Group 4
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
1971
1972
1974
1976
1977
1979
1981
1982
1984
1986
1987
1989
1991
1992
1994
1996
1997
1999
Dutch guilder USD exchange rate
Value of Dutch agricultural exports growing despite limited resources
Rabobank Group 5
Source: GTIS monthly USDA, 2015
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Agricultural exports
USD millions
Australia Netherlands United States
Dutch agricultural exports dominated by consumer oriented products
Rabobank Group 6
0
20,000
40,000
60,000
80,000
100,000
120,000
Australia Netherlands
Agricultural exports
USD million
Consumer Oriented Agricultural
Total
Intermediate Agricultural Total
Bulk Agricultural Total
Source: GTIS monthly USDA, 2015
Productivity growing more with less
Rabobank Group 7
The golden triangle driving increased competitiveness
Rabobank Group 8
Research
Productivity
Extension Education
Adding value to agricultural trade
Rabobank Group 9
0
20,000
40,000
60,000
80,000
100,000
120,000
Imports Exports
Value
USD
million
Bulk Agricultural Total
Intermediate Agricultural Total
Consumer Oriented Agricultural Total
Source: GTIS monthly USDA, 2015
0
1,000
2,000
3,000
4,000
5,000
6,000
Imports Exports
Value
USD
million
Cocoa, beans Cocoa, paste
Cocoa, butter Cocoa, powder & cake
Chocolate products nes
Source: FAO, 2015
Dutch Agriculture trade Dutch Chocolate trade
Innovation New solutions to problems
Rabobank Group 10
Rabobank Group 11
Transport and logistics Essential for efficient supply chains
But Australia and the Netherlands are different
Rabobank Group 12
Increasing costs of production
Rabobank Group 13
Wheat cost of production
Source: Planfarm, NSW DPI, Rabobank
Dairy cost of production
Source: Dairy Australia, DairyNZ, LEI, Teagasc, FADN, Genske Mulder, Rabobank analysis, 2014
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
0.60
0.65
0.70
US
D p
er l
itre (
sta
nd
ard
ised
)
Netherlands New Zealand Australia (Vic.)
$130
$132
$134
$136
$138
$140
$142
$144
$146
$148
US
D/
ton
ne
So what should Australian agriculture be
chasing?
Rabobank Group 14
Thank you
15
Feeding the world sustainably
