- Author KPMG Australia, Premise and AEC on behalf of Townsville Enterprise Limited (TEL)
- Publish date 13 June 2019
- Type Report
- Documents
- Beef
- Horticulture
- Supply chain development
Summary
This report offers a comprehensive assessment of five high-value agricultural commodities: soybeans, avocados, macadamia nuts, beef and on-shore aquaculture, as identified by market research of consumer trends across ten key markets. The report examines the current production, supply and demand trends for each commodity, considers market competitors and barriers and outlines value-add opportunities. Various scenario, financial and cost-benefit analysis tools are used to inform key recommendations and pathways to implementation. This report is intended to inform north Queensland producers by identifying how they may be able to diversify current agribusiness operations or explore new, emerging opportunities for investment.
Projects
North Queensland agricultural market and supply chain study
This project examined North Queensland’s agricultural production capacity, supply chains and export potential to identify pathways for industry growth and increased participation in international markets. The research responded to a recognised need for coordinated industry action to transform the region’s agricultural, infrastructure and export sectors and position North Queensland to meet growing global demand for high-quality food and fibre. The study assessed current production systems, market opportunities and supply chain capabilities across the region, while identifying barriers that constrain growth and export competitiveness. It included detailed market analysis and evaluations of production and supply chain opportunities, helping producers better understand future demand trends and the investments required to capture emerging market opportunities. A key outcome of the project was the identification of more than $3 billion in unmet global demand across ten major agricultural export destinations for five priority commodities: beef, avocados, macadamias, onshore aquaculture products and soybeans. The research also examined opportunities to improve market access, address policy and regulatory constraints and align regional development priorities with the strategic objectives of government agencies including DFAT, Austrade and Trade and Investment Queensland. The project highlighted the importance of a long-term regional investment strategy and greater collaboration across industries to support future growth. By providing a clearer understanding of market opportunities and supply chain requirements, the research established a foundation for coordinated investment and industry development across North Queensland. The findings demonstrated the significant economic potential of the region’s agricultural sector, with successful industry expansion projected to support the creation of approximately 2,000 new jobs while strengthening North Queensland’s role as a major contributor to Australia’s agricultural export growth.