Global Food Forum Update
Once again the recently held Global Food Forum has delivered a full and insightful program on the current status and issues facing Australian agriculture.
The falling Australian dollar, the collapse of world iron ore prices, increasing demand from Asia for Australian food and three new free trade agreements with Asia have added to the increased optimism felt throughout the Forum.
However it was also made very clear that there were still major issues facing Australian agriculture. A lack of infrastructure, limited investment in large infrastructure and the need for more consolidation in Australian agribusiness and improved productivity were noted as constant pressures.
Visy executive chairman, Anthony Pratt, called on reforms to drive further investment into the agribusiness sector, including accelerated depreciation for new Australian food manufacturing investment.
“The demand for safe, nutritious food will rise dramatically across Asia in coming years as purchasing power increases and supply chains elongate. We need to promote, protect and extend this well-deserved reputation of Australian food companies across all consumer food groups, as we continue to ramp up our export market presence.”
Anthony Pratt also referred to Visy innovations such as Thermotrac that will help reduce supply chain costs, and Visy’s new 32g HDPE milk bottle - a best in class globally in its current format as great innovations that will reduce costs and more importantly, reduce food waste.
To view Anthony Pratt's full speech at the Forum, please click here.