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... "this partnership with cargill, a global leader in the food industry, will create a world class company and a flagship for the australian beef industry - brad teys, teys bros ... ' ceo, reveals the benefits behind the beef processor's merger with cargill

... * australia’s beef industry has consistently reduced emissions intensity for producing beef since 1990 * continued r&d aims to find ways to further reduce emissions while increasing productivity meat and livestock australia (mla) this week announced that the australian beef industry has achieved a 6 ... 5% reduction in emissions per kilogram of beef produced since kyoto protocol reporting began in 1990 ... speaking at the debate, mla’s managing director david palmer said that the industry had been focussed on increasing productivity whilst reducing emissions ... “a reduction in emissions per kilogram of beef produced is a great achievement for australian cattle farmers ... the australian beef industry has increased production by 25 ... 4% over the same period, which demonstrates that we are able to produce more beef with less emissions”, said mr palmer ... the debate was held at the university of queensland for local high school and university students as well as members of the general public, who were given the opportunity to hear from, and ask questions, of the panel members: * tim flannery, high profile environmentalist and australian of the year 2007 * arron wood, young australian of the year for environment in 2001 and united nations individual award for outstanding service to the environment in 2006 * corey watts, regional projects manager, the climate institute * michael lyons, queensland beef farmer * beverley henry, manager environment, sustainability & climate change from meat & livestock australia professor tim flannery discussed his belief that cattle managed in the right way can be part of the solution ... corey watts, formerly from the australian conservation foundation and now regional projects manager at the climate institute, called for industry-wide targets to be set for emissions reduction, innovation and investment in low-emissions farming and the need for broader political support for a package of “carrots and sticks” ... david palmer said the industry acknowledges its contribution to australia’s emissions profile, which is why it is undertaking extensive r&d in order to find ways to further improve the efficiency of production

... the australian wagyu association said “it is times like these that we are very thankful for the vigor of our country’s quarantine process ... the department of agriculture, fisheries & forestry has done an excellent job in providing bio-security of the highest level to protect the australian beef industry

... the duty-free quota, which first became available in august last year, provides for an additional global supply of 20,000 tonnes of high quality beef into the eu each year ... australia’s total beef exports to the eu currently exceed $136 million or about 11,000 tonnes annually ... minister for trade simon crean and minister for agriculture, fisheries and forestry tony burke yesterday said the announcement is good news for australian beef exporters as only countries approved by the eu can supply beef under the quota ... “the high australian dollar has put pressure on our beef exports, and this improvement in market access is a win for australian farmers at a critical time ... ” mr crean said the eu is an important market for australia and anticipates positive effects from the increased market access for australian beef ... “it provides a considerable opportunity for the australian beef industry to develop its presence in the european union market with a particular focus on high quality australian product ... ” “currently our high quality beef exports face a 20% duty in europe - but under this new market access australian beef will enter duty free ... ” “this result reinforces the benefits of resisting protectionist trade pressures and the extra market access that can be achieved for australian producers” mr crean said ... high quality beef is a niche product, requiring cattle to be fed on a strict diet ... australian exports of high quality beef under the quota are expected to begin in the first quarter of this year

... the australian beef industry is likely to have weathered the worst of the turbulent trading conditions arising from the global economic and financial crises, with early signals that beef demand is now more resilient - according to meat & livestock australia’s (mla) 2009 cattle industry projections - mid year update ... domestic and global beef demand was more severely impacted by the economic turmoil over the first half of this year than anticipated, but mla believes the signs are good for recovery in the back half of the year ... “world economic bodies are forecasting improved economic conditions for later this year, beef stocks in key markets are dwindling, lower import prices are starting to be passed through to consumers in japan, and the korean market is recovering from the period of instability created by the return of us product,” he advised ... ” some factors could hinder the speed of recovery, however, including the direction of the australian dollar, the drought in southern areas of the country and the timing of global economic recovery ... “exporters are still grappling with tight livestock supplies, the appreciating australian dollar, weak co-product prices and low import prices,” mr mcrae highlighted ... ” beef and veal production in 2009 is predicted to fall 2 ... tighter production and an increased portion of beef heading for export markets is expected to see australian beef consumption fall 5% in 2009 ... however, over the medium term, consumption is expected to increase, boosted by a recovery in demand and higher beef production ... global demand is likely to move with australian demand, forcing prices higher ... “the tighter supply of beef globally should continue to put upward pressure on beef prices, with food inflationary pressures returning in the medium term,” mr mcrae concluded