Skip to content

Australia looks to boost supply chains to cash in on Asian dining boom

Australia looks to boost supply chains to cash in on Asian dining boom

Australia

Australia’s Prime Minister Malcolm Turnbull said his government will develop a plan to uncork freight and supply chain blockages that threaten to prevent local exporters from capitalising on Asia’s diningboom.

Australia is one the world’s largest agricultural exporters, with shipments hitting a record A$44.5bn ($32.83bn) last year, according to government statistics.

But high supply costs and the difficulty in finding space on air freight means producers are struggling to meet growingAsian demand – undermining the country’s ambition to boost rural exports to soften the impact of a slowdown in its mining sector – a so-called “mining to dining boom”.