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Global avocado trade expected to grow in an increasingly competitive market – Rabobank report

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Global avocado trade expected to grow in an increasingly competitive market – Rabobank report

The global avocado trade will continue to grow in the next few years, but the market will be more competitive, forcing operators to be not only more efficient, but also increasingly sustainable, according to a new report by agribusiness banking specialist Rabobank.

 In the report Global Avocado Growth Far From Over, Rabobank says world avocado production expanded by a compound annual growth rate (CAGR) of approximately seven per cent over the past decade.

For Australia, the report says, avocado production grew at a CAGR of nine per cent over the same period.

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The primary drivers of expansion in key regions over this period were “attractive prices and returns”, according to Rabobank global strategist – Fresh Produce, Farm Inputs, Cindy van Rijswick, with the “health halo” of avocados a major drawcard for consumers around the world.

“As a nutrient-dense fruit, avocados are an excellent source of vitamins, minerals and mono-unsaturated fats,” the report says. “The significant growth in trade comes as no surprise given that avocados are also an incredibly versatile superfood that are used in many different cuisines.”

The report says production in Mexico – the world’s largest avocado producer which currently accounts for 30 per cent of global avocado supply – grew by a CAGR of approximately six per cent over the past decade. In Colombia (which accounts for 12 per cent of global avocado production), Peru (nine per cent) and Kenya (six per cent), production increased by a CAGR of approximately 15 per cent,12 per cent and 11 per cent respectively over the same period.

On the other hand, the report says, the US, which was still among the world’s largest avocado-producing countries in 2012, dropped a few places in the ranking and is no longer a top 10 global producer.

“Increased avocado production in countries with complementary harvesting seasons has allowed year-round availability in key markets, including the US, the EU and some markets in Asia, the report says. “While production in Mexico extends year round, it reaches a seasonal low in June and July, when production peaks in the US (California) and Peru, providing a steady supply to the US market.”

Mexico remains leading exporter

Ms van Rijswick said Mexico, with its avocado exports increasing at an average annual growth rate of around eight per cent over the past decade, reaffirmed its place as the largest avocado-exporting country in the world, surpassing one million metric tons in 2022.

The report says the primary destination for Mexican avocado exports is, by far, the US market, where product versatility and promotional campaigns have helped to create demand for avocados in retail and foodservice channels.

Globally, the US remains the largest market destination for avocados overall, with imports increasing by a compound annual growth rate of approximately eight per cent from 2012 to 2022.

Among the next-largest avocado exporters, Peru, Spain and Kenya exports expanded by a CAGR of 22 per cent, six per cent and 15 per cent respectively between 2012 and 2022. These countries mainly supply the European market.

Behind the US, the largest avocado importers between 2012 and 2020 were the Netherlands, Spain and France, Rabobank says. Over this period, import volumes into these countries increased by a CAGR of 14 per cent, 20 per cent and eight per cent respectively.

USD 18 billion global market

The report says the estimated global commercial market value of fresh avocados was approximately USD 18 billion in 2022. And the bank sees substantial opportunity for further growth.

“We believe there is room for significant growth in several markets around the world, as per capita consumption is highly variable,” Ms van Rijswick said.

In terms of per capita ‘avocado availability’ (which is used as an indicator of consumption), Mexico leads, the report says, with a global record of some nine kilograms of fresh avocados per person per year, followed by Chile with almost eight kilograms.

Australia and the US are also towards the top of the list of countries consuming the most avocados per person – with both recording ‘consumption’ of more than four kilograms per capita per year.

The report says sustainability concerns remain on the agenda for avocado producers around the globe, with water usage the main issue. Partly because of this, avocado growers have been investing in advanced irrigation systems to improve water efficiency, it says.

Australia

For Australia, the report says, there was a 35 per cent increase in export volumes of avocados in 2022, rising to more than 11,000 metric tonnes.

This was evident in key export regions, according to Rabobank associate analyst Pia Piggott, where Australia increased market share in Singapore to 73 per cent, Hong Kong to 25 per cent and Malaysia to 62 per cent.

“The weaker Australian dollar also supported Australia’s competitiveness against its peers, with prices rising six per cent to a FOB (free on board) export price of AUD 5.02 per kilogram,” she said.

Ms Piggott said this export market growth had come at a time when the Australian avocado industry had been experiencing local oversupply, with domestic retail prices in 2022 averaging AUD 1.61 a piece, 32 per cent below the five-year average.

“The Australian avocado industry has been experiencing a period of volatility as it learns to cope with the growing pains of increased supply in the market,” she said.

Ms Piggott said retail prices for avocados in Australia had started out more strongly in 2023, with production from Western Australia lower due to ‘alternate bearing’ (the tendency of crops to produce larger amounts in alternate years).

“However prices have since come down, coinciding with the beginning of the Shepard variety avocado season,” she said. “And, with the Hass season beginning again this month, we expect increases in supply to further weigh on domestic prices.”

Ms Piggott said with plenty of production growth in Australian avocados expected in the next few years, “maintaining market share in key countries and developing new market access will be priorities to ensure sustainable returns for growers”.

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Casino NSW News

Casino Showground Bookings Now Available

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Casino Showground Bookings Now Available

 

We are excited to announce that the recently revitalised Casino Showground and Racecourse precinct will commence accepting bookings starting from Monday, June 3rd.

With a generous funding injection of $12.8 million from the Bushfire Local Economic Recovery Fund, alongside contributions from various sources including the NSW Showground Stimulus Program, Drought Communities Funding, Crown Lands, and Council, the total investment in this redevelopment has reached $14.4 million.

This newly enhanced facility boasts a range of features including a spacious undercover arena, an outdoor sand arena, turfed areas, covered stables, and a state-of-the-art racehorse stable complex capable of accommodating up to 80 horses. Additionally, new parking areas for cars, trucks, and floats have been added for the convenience of visitors.

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Of notable appeal is the newly constructed racehorse exercise area, which includes round yards, a horse walker, and a 50-metre equine pool. These amenities are expected to draw considerable interest from equestrian enthusiasts and event organizers alike. Furthermore, enhancements such as powered event camping areas have expanded the facility’s versatility, allowing for hosting a diverse range of events including country music festivals, car shows, trade exhibitions, and markets.

Despite the official opening ceremony held on April 20th to commemorate the acknowledgment of government funding, certain essential construction tasks remain pending due to unforeseen circumstances. These include the high-voltage power upgrade, completion of the equine training area, and fencing installations crucial for ensuring the safety of all facility users.

Unfortunately, adverse weather conditions in the Northern Rivers region have exacerbated delays, saturating many areas of the facility and rendering them unsuitable for immediate use. However, efforts are underway to expedite the finalisation of these outstanding projects in alignment with the originally tendered project costs.

In tandem with these developments, the Council is set to deliberate on its Draft Revenue Policy for 2024-2025 at its upcoming meeting. This policy will outline the proposed fees for utilising the facility and will undergo a public exhibition period of 28 days following the meeting, during which community feedback and submissions will be welcomed.

We extend our gratitude to all existing stakeholders and potential users for their patience throughout this project’s completion, which has been hampered by unforeseen challenges. We eagerly anticipate opening all elements of this facility to serve the broader community.

For those interested in booking the venue, please visit the Council’s venue hire website.

 

For more Casino news, click here.

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Evans Head News

Serenitas Celebrates Grand Opening of Multi-Million Dollar Clubhouse at Thyme Lifestyle Resort Evans Head

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Serenitas Celebrates Grand Opening of Multi-Million Dollar Clubhouse at Thyme Lifestyle Resort Evans Head

 

Serenitas, a leading provider of lifestyle communities and resorts for individuals over 50, proudly announces the grand opening of the state-of-the-art Clubhouse at Thyme Lifestyle Resort, Evans Head. The celebratory event saw enthusiastic homeowners joined by Mayor Robert Mustow and Serenitas CEO Rob Nichols, who officiated the ribbon-cutting ceremony.

Nestled in the tranquil coastal enclave of Evans Head, the Clubhouse epitomises refined living and leisure. Located near the historic Evans Head Aerodrome and a short walk from pristine beaches, Thyme Evans Head offers an unparalleled blend of luxury and laid-back coastal charm.

Rob Nichols, CEO of Serenitas, expressed his excitement about the new facility: “We are thrilled to be opening the Thyme Evans Head Clubhouse, inviting residents and their guests to immerse themselves in the pinnacle of luxury living. With its striking architecture, ties to Evans Head’s aviation heritage, and a host of premium amenities, this opening heralds the next inspiring chapter for the resort’s homeowners and underscores Serenitas’ unwavering commitment to excellence.”

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The multi-million dollar Clubhouse features an array of exquisite facilities, including a fully equipped gym, heated swimming pool, health and beauty studio, luxurious cinema, sports bar complete with darts and pool table, croquet court, and more. A standout feature of the Clubhouse is the sophisticated Evans Lounge, providing homeowners a serene setting to enjoy views over the aerodrome by a cozy fireplace.

“The Clubhouse caters to every taste,” added Mr. Nichols. “From our active residents utilising the fitness facilities to our social groups making use of the Art & Craft Studio and other recreational spaces for gatherings and events.”

Demand for homes at Thyme Evans Head has been incredibly strong, with sales surpassing expectations since its inception. Located in the highly sought-after Northern Rivers district of NSW, Evans Head has emerged as a coveted community known for its relaxed coastal vibe and pristine waters.

“Our homes have garnered significant interest and are selling at an unprecedented pace,” remarked Rob Nichols. “With prices starting from $615,000, we are preparing to release our final homes for sale, reaffirming Evans Head’s status as a desirable destination for discerning homeowners.”

For more information about Thyme Evans Head, please visit here.

 

For more Evans Head news, click here.

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Local News

Ranger Nick Honoured with Australian Owned Achievement Award

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Ranger Nick Honoured with Australian Owned Achievement Award
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Ranger Nick Honoured with Australian Owned Achievement Award

 

In a competitive field of contenders, Ranger Nick emerged victorious, securing the prestigious “Australian Owned Achievement Award 2024” in the recently announced Australian Owned Business Awards on May 7, 2024.

Surprised by the announcement, Ranger Nick received a message from the judging panel praising his unwavering commitment to Australian ownership and excellence. The panel acknowledged the stiff competition and commended Ranger Nick’s business as a leader in its domain.

Reflecting on the unexpected news, Ranger Nick expressed his elation, stating, “I was on my way to the Capella Country Music Festival, after spending a few days in the scrub with no mobile reception, when I received the news. Needless to say, I am absolutely thrilled, flattered and honoured.”

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This accolade marks Ranger Nick’s third triumph in a year, following his recognition as a Finalist in the Australian Small Business Champion Awards and as a Winner in the Innovation and Sustainability Excellence category of The Australian Rural Business Awards.

Renowned as the charismatic Aussie Bush Cook, Ranger Nick embodies the authentic Australian spirit with his unwavering passion for Australian heritage and traditions. He has dedicated himself to sharing his camp oven cooking and bushcraft skills with fellow adventurewrs across the country and abroad.

With four published books, his own merchandise line, and notable appearances on television and radio, including Channel 7Mates’ “Step Outside with Paul Burt” and West Bremer Radio, Ranger Nick’s influence continues to grow.

Grateful for the support he has received, Ranger Nick humbly thanked his supporters, expressing his determination to continue his endeavors. “I extend my heartfelt thanks to all for your unwavering support,” he said. “I better pull up my socks and keep on going.”

Ranger Nick eagerly anticipates receiving his official trophy at the Dayboro Annual Show in early July, marking another milestone in his illustrious career.

 

For more local news, click here.

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