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The North looking North - taking North Queensland Agriculture to Asia

17th May 2018

Yesterday the CRC for Developing Northern Australia, Senator Matthew Canavan and Senator Ian Macdonald announced that the North Queensland councils and Townsville Enterprise have received a grant to position the North Queensland agricultural industry to take advantage of the opportunities in Asia. 

The market-led initiative is the first of its type in Australia and will be project managed by Townsville Enterprise, who have commissioned KPMG to undertake the research and assisted by locally based firms, Premise and AEC.

The objective of the North Queensland Agricultural Market and Supply Chain Study is to investigate how North Queensland is currently positioned to supply and export internationally to ensure local producers are well informed to maximise production opportunities and meet future international agricultural demand.

The agricultural sector is critical to the Townsville North Queensland economy, contributing 3,642 jobs (3.5%) and approximately $604.19 million (3.8%) to Gross Regional Product.

Townsville Enterprise, Burdekin Shire Council, Hinchinbrook Shire Council, Townsville City Council, Charters Towers Regional Council, Palm Island Shire Council and industry partners had identified the need for collective action, working to define how Queensland’s agriculture sector can best position itself and take advantage of Asia’s emerging middle class phenomenon.

While the primary focus of the study is North Queensland, it is anticipated the results will uncover far reaching opportunity and complimentary activities taking place outside of the region. The findings from the study are expected to be handed down within 12 months.

For more information, please visit Townsville Enterprise's website

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