BANANA PRAWNS FOR KOREA

Written on the 11 April 2011

BANANA PRAWNS FOR KOREA

Despite an appreciating Aussie Dollar, real opportunities for Queensland agriculture have been derived from the Year of Friendship between Korea and Australia.

According to the Minister for Agriculture, Food and Regional Economies Tim Mulherin, the long-standing and valuable relationship between Australia and the Republic of Korea will benefit Queensland’s food producers.

Exporters including A Raptis and Son and Seafarm signed a contract that will see them net $1.25 million to supply wild caught banana prawns to the Shinsegae Group.

“They (Shinsegae Group) also imported more than $60 million worth of Queensland beef products last year and for the first time, mangoes were exported to South Korea,” says Mulherin.

“This is a great opportunity to continue to grow our relationship here in Queensland with our fourth largest export market, valued at $4.7 billion a year to the Queensland economy.”

Mulherin says he’s committed to growing Queensland’s reputation as a clean, green producer.

“Queensland’s clean, green produce has an incredible reputation in South Korea to be of high-quality, healthy and attractive to the discerning consumer,” he says.

Mulherin says members of the delegation were pleased to hear that Queensland is still open for business and fresh produce exports, despite enduring a few challenging months of natural disasters.

“Queensland agriculture has taken a hit from recent floods and cyclones, but the outlook is good for many producers and we want to do everything we can to help those producers promote their products in Australia and overseas – letting the world know we are back in business,” he says.

“In my meeting with the Shinsegae Group, I reassured them of Queensland’s continued ability to increase our exports of high-quality Queensland products. Throughout this year of friendship, we will continue to use opportunities like this to promote growth of Queensland’s fresh produce exports.

“2011 is the Year of Friendship between Australia and the Republic of Korea, which recognises and celebrates 50 years of trade and friendship between the two countries.”


Latest News

BUNNINGS BOSS JOHN GILLAM QUITS WESFARMERS

THE man behind Bunnings' home improvement domination has resigned from his role in charge of the retailer.

...

NOVOTEL SALE REFLECTS HOT BUYERS' MARKET

AFTER two decades in the hands of a private syndicate, The Novotel Melbourne Glen Waverley has been sold to the Sy...

SUPERLOOP ONE STEP CLOSER TO BIGAIR ACQUISITION

BIGAIR (ASX:BGL) shareholders have given Superloop (ASX:SLC) the green light to acquire the telecommunications com...

RINEHART-BACKED OIL AND GAS EXPLORER SUES VICTORIA FOR $2.7 BILLION

AN oil and gas explorer backed by Gina Rinehart (pictured) is suing the Victorian state government for more than $...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter