GrainGrowers, national representative body for Australian grain farmers congratulated the Australian government on the official signing of the Indonesia- Australia Comprehensive Economic Partnership Agreement (IA-CEPA) today.
Indonesia is already Australia’s largest wheat market, however cementing this relationship and opening access for Australian grain into the growing Indonesian feed market has been an imperative. GrainGrowers on behalf of growers and the wider industry has been advocating for grains to be central to the trade agreement, with such significant outcomes at stake.
Luke Mathews, General Manager Policy & Research was on-hand in Jakarta to witness the agreement being signed.
“We are excited about the benefits this trade agreement will bring for Australian grain farmers.” Mathews said. “Previously, Australia’s existing trade with Indonesia has been almost exclusively wheat for milling purposes. Under this trade agreement, Australian farmers will now be able to access the rapidly growing Indonesian feed grain market, providing new opportunities for Australian feed wheat, barley and sorghum. In addition, we have had both governments commit to the landmark grains specific cooperation initiative, the Australia-Indonesia Grains Partnership.”
Wheat is currently Australia’s single large export to Indonesia. Annual trade volumes are around 4.2 million tonnes, valued at around $1.3 billion.
Brett Hosking, grower from VIC and Chairman of GrainGrowers said “The agreement includes a quota of 500,000 tonnes of Australian feed grain to Indonesia per year. That figure will increase year on year. As a grower myself, knowing that Australia is the only country with formal access to Indonesia’s feed grain market gives me confidence when thinking about our position against other grain export countries.”
For interview Luke Mathews +61 409 641 427
For further information Shona Gawel +61 479 052 734
> Luke Mathews, General Manager Policy & Research talks about what IA-CEPA means for the grains industry