Latest Australian Food Industry Report Card

According to the latest report card for the Australian Food Industry, it makes up 28.9 percent of the manufacturing in this country and employs just under 300000 people, which is down by nearly one percent from the last year.

The Sixth Edition of the State of the Industry Annual Report from the Australian Food and Grocery Council shows that there are around 27460 companies in the food industry and the overall turnover is $114 billion, which is an increase of $3 billion from the last report.

Meat manufacturing continues to hold the largest proportion of turnover at 24.6 percent (a decrease of 0.7 percent from the previous year), with dairy next at 14.7percent (up by over nine percent from the previous report).

According to this Annual Report, with a  turnover of $91.6 billion the food and beverage processors have  the largest  proportion of the total turnover.

The report also shows that international trade is up by 7.3 percent from last year to $55.9 billion, with both imports and exports increasing by 6.1 and 8.6 percent respectively.

The report ventures that one of the reasons the trade turnover is up in this report is the lower Australian dollar.

Written by Rachelle Williams, The Green Food Safety Coach.