Vietnam - All beer and noodles for Aussie Farmers
- By: "Farm Tender" News
- Cattle News
- Apr 14, 2018
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* The Minister toured the Interflour and Intermalt factories in Ho Chi Minh, on his last day in Vietnam
* The Interflour mill uses Australian wheat to make Vietnamese Bánh mì and instant noodles and InterMalt turns Australian barley into malt to make beer.
* Interflour represents Australia’s largest agricultural investment in Vietnam.
It was all beer and noodles today as Minister for Agriculture David Littleproud toured the Interflour and InterMalt factories in Ho Chi Minh, Vietnam.
Minister Littleproud said thanks to our free trade agreements and world renowned quality more doors are opening for Aussie producers of wheat and barley into Vietnam than ever before.
“Watching Aussie wheat go into making staples of the Vietnamese diet—Bánh mì and instant noodles—helping to provide food security was a great experience,” Minister Littleproud said.
“Vietnam is now Australia’s third largest wheat market, worth $567 million in 2016–17.
“Interflour’s mills have a total milling capacity of approximately 1.5 million tonnes per year, making it one of the largest flour millers in Asia and 76 per cent of its wheat is sourced from Australia.
“The West Australian Co-operative Bulk Handling (CBH) group has invested more than $100 million in a 50 per cent share of the Interflour Group and represents Australia’s largest agricultural investment in Vietnam.
“Australia also exported A$114 million of barley to Vietnam, which is used to make beer.
“InterMalt started operating in 2017 and signifies a great opportunity for Aussie barley growers, with plans to source the majority of its barley from South and Western Australia.
“The Vietnamese, like Australians, share a love of beer. It is estimated that per-capita consumption is now over 40 litres and growing, making Vietnam the biggest beer consumer in Southeast Asia.
“The potential for growth of wheat and barley exports to Vietnam is exciting, following the signing of the TPP-11, which will deliver significant trade benefits for both Australia and Vietnam.
“Vietnam is a rapidly developing economy, with a rapidly growing consumer base, and Australian farmers have been delivering the goods and have built a solid reputation for quality in Vietnam.
“Trade has obvious benefits for Australian wheat and barley farmers, as well as providing essential food security for the people and nation of Vietnam.
“Our two countries share a wonderful bond, built on a 40 year agriculture relationship and celebrating 45 years of diplomatic relations in 2018.
“Australia appreciates the close complementary trade and agriculture relationship we have with Vietnam and we look forward to deepening those links into the future.”
Fast Facts:
* Australia's total agricultural, food, fishery and forestry exports to Vietnam were worth $2.8 billion in 2016-17, having increased by 337% since 2011-12.
* Under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), tariffs for Australian grains were eliminated on 1 January 2016.
* Australia exported 2 million tonnes of wheat to Vietnam worth A$567 million in 2016-17, and increased 25 per cent from 2015-16. Vietnam is Australia’s third largest market for wheat, after Indonesia and India.
* Australia exported A$114 million of barley to Vietnam in 2016-17, an increase of 18 per cent from 2015-16.
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