Australia’s farming export sector will suffer from sanctions against Russia
Sanctions are good – tell that to Australian farmers iT Wire 8 Aug 14, Australia has two major export sectors and technology is not one of them. Aside from mining, food accounts for about $30 billion of this country’s national exports. Now, thanks to our good friends in Washington and our insipidly compliant lapdog Government we’ve just lost a reliable $500 million customer and moved a step closer to a senseless war. Following on from my previous article about MH17, the downed Malaysian airliner over Ukraine, after showing remarkable restraint in the face of a series of increasingly humiliating and totally unjust sanctions, Russia has finally responded with sanctions of its own. The difference is that Russia’s sanctions actually mean something. They hit us where it hurts – in the bread basket……..
In the coming year, Australian food producers would have been on track to sell a potential $500 million of produce to Russia. Particularly hard hit will be the dairy industry, which will now be forced to wipe about $100 million off its previously projected $575 million of exports. Russia was one of the Australian dairy industry’s shining star growth markets and this will be a big and needless hit.
While mining and resources have received all the glory in recent years for Australia’s recent and unprecedented lengthy economic boom, our food export business has been a relatively quiet achiever in contributing to this country’s continuing prosperity. Australian produce is second to none in its quality and purity. There are no GMO vegetables and fruit grown in Australia. Our dairy products are pure and radiation free, unlike those in Europe. Our grains are also largely GMO free and our meat produce is also generally high quality. …….http://www.itwire.com/opinion-and-analysis/beerfiles/65017-sanctions-are-good-%E2%80%93-tell-that-to-australian-farmers
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