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Weakening Australian dollar profitable for Australia’s food and beverage exporters
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Over half of exporters in the food and beverage sector say the weakening Australian dollar has had a positive impact on sales revenue (60% of respondents), prices (60%) and profit (53%), the 2006 DHL Export Barometer has found.
Developed in conjunction with Austrade, the DHL Export Barometer also saw the Middle East shoot up as a key export destination, with 34% of food and beverage exporters and 62% of all exporters expecting the region to increase orders in the coming year. This overall 26% rise placed the Middle East behind only one other country — China — as a source of new export business.