Australian honey, fruit, dairy and vitamin producers on 'high alert' over China tariffs threat

  • 📰 abcnews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 83%

Australia Headlines News

Australia Latest News,Australia Headlines

As relations between China and Australia hit their lowest point in over half a century, IBISWorld says honey, fruit, dairy, fruit and vitamins producers could be next in line to be hit with tariffs.

And dairy exporters have hit record milk powder sales to China this year but areAustralian milk powder exports to China have surged amid the COVID-19 pandemic, reaching 19,726 tonnes over the nine months through to September 2020.

Apple, pear and stone fruit growers also send a significant amount of produce to China, with more than 30 per cent of industry exports destined for Chinese markets. "Discussions for fruit juice to be lowered in health rating, which have now been pushed off until February next year, also weigh heavily on the industry's future."Australia's pharmaceutical product manufacturing industry has also become more reliant on China as an export market.

Australian vitamin supplements accounted for over one-fifth of Chinese imports, as Chinese consumers favoured Australian brands including Blackmores and Swisse.

Source: Healthcare Press (healthcarepress.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU

Australia Latest News, Australia Headlines