MLA receives funding to increase exports
The Australian government decided to invest in meat and llivestock industry, therefore Meat and Livestock Australia received this week $1.5 million to support the sector. The funding will help the industry to focus their exports efforts in new and emerging markets including Thailand, Vietnam and Saudi Arabia. Meat and Livestock Australia (MLA) will use a $1.52 million Australian Government investment to explore market diversification opportunities within untapped segments of three export markets, reports Beef Central magazine.
"Through this grant funding, MLA will explore new export channels in Saudi Arabia, Thailand and Vietnam. New business development specialists will work on improving trade flows for Australian beef, sheepmeat and goatmeat to build new business opportunities in trade, retail and foodservice sectors. By stationing business development specialists in these target markets, MLA will be well-positioned to work with Australia’s government agencies including our Agriculture Counsellors", said minister David Littleproud in a statement.
General Manager of International Markets MLA, Andrew Cox, said the grants were an opportunity to expand exports into markets with strong development opportunities. "Australia has recently negotiated improved access to these markets, and it’s important to build stronger relationships with our important trading partners. We’re grateful for the opportunity to smooth the path ahead for the Australian red meat industry."
For the year 2020-2021, Australian livestock production is forecast to be valued at $22.9 billion in 2020-21, whilst exports are expected to reach $13.1 billion at the same time..
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