Navigation Links
Citrus, Banana and Other Fruit Growing in Australia Industry Market Research Report Now Updated by IBISWorld
Date:6/24/2013

Melbourne, Australia (PRWEB) June 25, 2013

The Citrus, Banana and Other Fruit Growing industry in Australia has struggled with the increasing incidence of adverse weather conditions over the past five years, including drought, Cyclone Yasi in 2011 and record flooding across Australia's eastern states in 2010-11. Nonetheless, industry revenue is expected to grow by 3.4% over the five years through 2012-13. Many farmers were able to replant crops soon after the wet conditions of 2010-11. The industry also benefited from growth in overall fruit consumption in Australia. Revenue is expected to grow by 7.8% in 2012-13, reaching $2.4 billion. According to IBISWorld industry analyst Emily Witham, “A key advantage for the industry has been the ongoing popularity of major products such as bananas and citrus fruits, which are purchased by over 90.0% and over 67.0% of Australian households, respectively.”

The industry displays a low level of concentration compared with other sectors of the Australian economy. “Establishment and enterprise numbers are large, reflecting the small scale of many farms in the industry,” says Witham. There are a only handful of large corporate players that have extensive farming operations, such as CostaExchange Ltd and Select Harvest Ltd.

The Citrus, Banana and Other Fruit Growing industry in Australia is expected to flourish over the next five years. Industry profit is also expected to expand over this period, reflecting economies of scale associated with increasing output. Factors contributing to industry growth will include stable demand for industry products on domestic and global markets and an increase in spending on fruit. The industry has been assisted by greater water availability, increasing production, and growth opportunities stemming from the increasing popularity of premium organic produce. The major impediments to growth over the next five years are expected to be the risk of competing with low-cost foreign imports and the possibility of extreme weather due to adverse climate cycles.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10862775.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. New insights into when beach sand may become unsafe for digging and other contact
2. Chemotherapy proves life-saving for some leukemia patients who fail induction therapy
3. Immunotherapy for elderly cancer patients finds new promise in drug combination
4. Adding drug to standard chemotherapy provides no survival benefit for older lung cancer patients
5. Concerns about MRSA for expectant mothers may be unfounded
6. Another Drug Take-Back Day Scheduled for Saturday
7. Low-Income Mothers May Overfeed Their Infants
8. New global report says US lags behind 130 other nations in preterm birth rate
9. Screening for Other Health Problems May Aid COPD Survival
10. Stem cell sparing radiotherapy for head and neck cancer may avoid salivary gland damage
11. Genetic predictor of breast cancer response to chemotherapy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/20/2017)... ... July 20, 2017 , ... TCGRx announced today at ... adherence automation lines. The ATP® Mini and InspectRx® Mini are designed ... products, but at a size and price point that can help pharmacies launch ...
(Date:7/20/2017)... Charlotte, NC (PRWEB) , ... July 20, 2017 , ... ... announces the latest innovation to their product line: the AVE 2 birthing bed. , ... 2 helps bring a new level of comfort and efficiency to every phase of ...
(Date:7/20/2017)... ... July 19, 2017 , ... Western University of Health ... Administration (HRSA) grant to train predoctoral dental students in providing care to vulnerable ... underserved areas. , The Predoctoral Pediatric Training Project (PPTP), a five-year grant, recognizes ...
(Date:7/20/2017)... ... ... the Buffalo and Her Adventures”: a collection of heartwarming children’s stories. “Lucky the Buffalo ... Jr. was born in Toledo, Ohio. He attended Woodward High School. He earned ... to a brilliant woman with a caring heart named Tiina, who is a hospice nurse. ...
(Date:7/18/2017)... ... 18, 2017 , ... Doctors on Liens, the leading network ... professionals who offer the most effective and efficient care on a lien basis. ... that each patient receives prompt and courteous service, same or next day appointments, ...
Breaking Medicine News(10 mins):
(Date:7/11/2017)... 2017  Bayer has awarded grants totaling more than $2 ... its prestigious Bayer Hemophilia Awards Program (BHAP). Four U.S. clinicians ... and Uniformed Services University of the Health Sciences ... Grant recipients were announced last night during a reception at ... Berlin, Germany . ...
(Date:7/11/2017)... Oramed Pharmaceuticals Inc. (NASDAQ: ORMP ... on the development of oral drug delivery systems, announced ... has agreed to schedule an End-of-Phase II meeting with ... its oral insulin capsule ORMD-0801 in the treatment of ... and secondary endpoints by indicating a statistically significant lowering ...
(Date:7/10/2017)... , July 10, 2017  The tenth annual ... Boston, MA at the Sheraton Boston ... and unparalleled access to global decision makers and innovative ... 800+ life science leaders during two impactful days. BioPharm ... provides delegates with additional networking opportunities with 4,500+ life ...
Breaking Medicine Technology: