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:4/29/2016)... ... April 29, 2016 , ... In its efforts of bringing quality senior care ... franchise development and expansion as it welcomes Ferdie Vasquez of the new 1Heart Caregiver ... his 32 years of working in various industries. He had been a Franchise ...
(Date:4/28/2016)... ... 28, 2016 , ... The Dentists Insurance Company ... a letter of intent with Moda to acquire Dentists Benefits Insurance ... Started by dentists 36 years ago, TDIC focuses exclusively on supporting the dental ...
(Date:4/28/2016)... ... April 28, 2016 , ... CastCoverz!, America’s ... with AquaShieldUSA, the country's oldest waterproof cast protector . As the largest ... the largest selection of daily, night, weatherproof and waterproof covers for most orthopedic ...
(Date:4/28/2016)... ... April 28, 2016 , ... ... the organization’s most successful events, attracting medical professionals from around the globe who ... networking events. , Opening Ceremonies Sunday, April 17 included the introduction of the ...
(Date:4/28/2016)... ... April 28, 2016 , ... In many parts of the world, contamination from ... This is particularly true in underdeveloped parts of Africa where clean sources of food ... campus in Tangier, Morocco, will examine this global health issue and consider how it ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... 2016 Tie-up with Government hospitals ... to save newborns   Fortis La Femme, ... in collaboration with Breast Milk Foundation (BMF), a non-profit organization ... Milk Bank, ,Amaara, in Delhi-NCR today. This non-profit centre recognizes ... infants and should be available to babies deprived of mother,s ...
(Date:4/27/2016)... SAN FRANCISCO , April 27, 2016 /PRNewswire/ ... to reach over USD 2.14 billion by 2022, ... Research, Inc.       (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ... key technological advancement affecting the efficiency and accuracy ... hence, the persistent demand for novel urinalysis instruments ...
(Date:4/26/2016)... US demand for infection prevention products ... annually to $27.6 billion in 2020.  Increasing pressures ... rates of healthcare-associated infections (HAIs) will boost revenues ... Although declining, the overall rate of certain HAIs ... by the CDC.  Recent statistics indicate that only ...
Breaking Medicine Technology: