GRDC Investing $17.5M to Boost Competitiveness and Profitability for Aussie Grain Industry
The Grains Research and Development Corporation (GRDC) announced it is investing A$17.5 million over the course of five years in Grains Australia Ltd. to strengthen the competitiveness and profitability of the country’s grain industry in both domestic and international markets.
The Australian grains sector produces around 46.8 million tons of grain annually and is worth approximately $16.7 billion per year. Grains Australia was launched by GRDC in 2020 to provide services and to act on behalf of the grain sector, including classification, trade, market access, and market information and education, with the goal of ensuring that the country has a collaborative and unified approach.
John Woods, a grain grower and chairman of GRDC, stated that marketplace dynamics are in flux as supply chain logistics remain volatile and challenging, making the determination of a unified, industry-wide approach more important than ever.
Grain Australia stated that moving forward, it will focus on:
~ Greater education and market access for Australian feed grain to Indonesia.
~ Gaining greater market access in Brazil for Australian malting and brewing barley.
~ The improvement of the variety classification system for wheat, barley, and oats.
~ The development of the first pulse classification framework that will add value to the industry and will differentiate Australian pulses in key export markets.