New hub to drive grain trade between Indonesia and Australia

Published 2021년 8월 5일

Tridge summary

The Australian Export Grains Innovation Centre (AEGIC) has welcomed the establishment of Katalis, a new economic co-operation hub between Indonesia and Australia. Katalis will facilitate grain opportunities as part of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). AEGIC is focusing on increasing grain trade and cooperation between the two countries, providing information about the quality of Australian grains, and supporting Indonesian flour millers and food businesses with COVID-19 hygiene practices. AEGIC has also identified new opportunities within IA-CEPA, finding that by 2030, Indonesia will need an additional 8.7 million metric tonnes of feed grains and meals each year to meet the increased demand for meat and fish. Australia is well-positioned to capture some of this market, with 500,000 tonnes of Australian feed grains allowed to enter Indonesia duty-free under IA-CEPA, with an annual allowance for five% growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

THE Australian Export Grains Innovation Centre (AEGIC) has welcomed the establishment of Katalis, a new economic co-operation hub between Indonesia and Australia which will help drive grain trade between the two countries. Katalis, which means catalyst in Bahasa Indonesia, will play a crucial role in facilitating grain opportunities as part of the broader Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), which celebrated its one-year anniversary last month. AEGIC chief executive officer Richard Simonaitis said increasing grain trade and co-operation between Indonesia and Australia was a key focus for AEGIC. "Through in-market engagement and webinars, we deliver regular and consistent information to Indonesian customers about the quality of Australian grains for feed and food, including practical information about how to maximise value," Mr Simonaitis said. "Through the COVID period, we have supported Indonesian flour millers and food businesses with print ...
Source: Farmweekly

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