Tridge summary
The Australian Trade and Investment Commission has commenced the stone fruit export season, with eight metric tons of peaches and nectarines sent to Kuala Lumpur via air from Melbourne. However, the season may face challenges due to rising air freight costs and limited transportation resources because of the COVID-19 pandemic. To address these issues, the Australian government has extended its International Freight Assistance Mechanism until mid-2022. LPG Cutri Fruit Global, a major stone fruit exporter, has successfully shipped products to Canada and the Middle East by sea, using smarter preservation measures. The U.S. Department of Agriculture anticipates a 5% increase in Australian peach and nectarine production in the 2021/22 marketing year, with nectarine exports expected to grow by 15%. However, political tensions with China could impact fruit exports to the country.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Australian Trade and Investment Commission recently announced that the country has kicked off its stone fruit export season. On Oct. 29, eight metric tons of peaches and nectarines were sent by air from Melbourne to the Malaysian capital of Kuala Lumpur by LPG Cutri Fruit Global. Australian peaches and nectarines are highly reliant on air transport to reach overseas markets. Consequently, rocketing air freight charges and limited transportation resources caused by the ongoing COVID-19 pandemic may pose substantial logistical challenges in the new season. In April 2020, the Australian government launched its International Freight Assistance Mechanism to keep nine hubs in Australia well linked to 58 major cities around the world and support the status of the country’s agricultural exports. The validity of this scheme has recently been extended to mid-2022 in order to better serve this stone fruit season. As one of the largest stone fruit growers in Australia, LPG Cutri Fruit ...
Source: Producereport
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