At the Expo site, the Australian hay industry company Balco (Balco Australia) signed a strategic cooperation agreement with Modern Livestock (Group) Limited, which gave everyone a more concrete understanding of the diversity of Australian agricultural products.
Many high-quality Australian food companies participated in the Expo, and a number of Australian food companies signed important cooperation agreements with Chinese companies. Six of the signatories are dairy companies.
Sustainable development of dairy
Natural pasture breeds pure milk
Australia is one of the world's largest exporters of dairy products, with pure pastures, extremely high food production safety standards and advanced product traceability systems, making the Australian dairy industry has been renowned for "quality, safety, nutrition and sustainable development".
At the Expo, Australian dairy companies Ausway Biotech Pty Ltd and King International Pty Ltd brought high-quality milk powder and cheese products to attract the attention of the audience and buyers. Nature one Dairy (Aochun Crown) In addition to bringing high-quality adult and infant milk powder, also brought pet milk powder, attracting many pet lovers to come to consult.
Almost a third of Australia's annual production of about 8.5 billion litres of raw milk is exported overseas, and China is the largest export market for Australian dairy products. Under the China-Australia Free Trade Agreement, tariffs on Chinese imports of Australian dairy products have been decreasing year by year and all were reduced to zero this year.
Big health foods are trustworthy
The natural formula is safe and healthy
Indigenous health products from Australia have a global reputation for their trusted high quality. This is closely related to Australia's advanced biological and pharmaceutical technology, strict industry supervision system, pollution-free production environment, and development strategies that keep pace with The Times.
At this Expo, two brands of Australian health care products, Fengyatang Group and Enervite, signed friendly strategic cooperation agreements with Chinese enterprises by virtue of their natural formula, nutrition and health advantages.
The market size of the Australian supplement industry will reach A $4.6 billion in 2022 and is expected to grow at a compound annual growth rate of 4.3% by 2027. Australian exports of health supplements are expected to account for 40 to 50 per cent of the industry's revenue over the next five years. Chinese consumers' demand for health care products produced in Australia continues to grow, providing a broad market space for the export of the Australian health care industry.
Stable export of agricultural products
The land is vast and the climate diverse
Agricultural land accounts for 55 per cent of land use in Australia and exports from agriculture, fisheries and forestry reached a record $80 billion in the 2022-23 financial year. Gross agricultural production is forecast to grow by 4 per cent to $86.2 billion in 2024-25.
At the Expo, Balco Australia and Modern Animal Husbandry (Group) Limited signed a strategic cooperation agreement. Balco Australia is primarily engaged in the production, processing and export of hay and has been at the forefront of research and development in the oat hay industry.
China is Australia's largest single export market for agricultural products, worth about $17 billion in 2022-23. In the 2023 financial year, Australia's agricultural exports to China increased by almost 23 per cent to A $16.6 billion, and China still accounts for more than 20 per cent of the value of Australia's agricultural exports.
Exchanges and cooperation between Australia and China in the food industry are constantly strengthening. The promotion activities of Australian agri-food, dairy products and health products in the Chinese market are increasing day by day, and the communication and cooperation between Chinese food importers and distributors and Australian food producers and suppliers are also getting closer, and many Australian food enterprises have established long-term cooperative relations with Chinese enterprises.