Grain Producers Australia welcomes the recent announcement on the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), with the formal notification received on Friday 8 May.
The IA-CEPA is set to begin from 5 July 2020, with the grains industry to benefit from the new 500,000-tonne quota for Australian feed grain, with increases of 5% each year. Currently, the Indonesian market is Australias biggest wheat market, worth more than $1.2 billion each year to the Australian grains industry.
Grain Producers Australia congratulates the Australian and Indonesian Governments, as well as the Australian grains industry on the achievement.
More information is available online here.