MOST fruit and vegetable prices across Australia are expected to rise in 2018, according to Rural Bank's new Australian Horticulture Annual Review 2018.
The Australian fruit and vegetable price indices are forecast to grow by up to 10 per cent and seven per cent respectively in 2018, and categories such as avocados, oranges, mandarins, bananas and broccoli are all positioned to perform well in terms of price, demand and supply.
While results varied between fruit and vegetable producers and between different categories, the review paints a bright future for Australia's horticulture sector.
"In 2018, we anticipate an increase in overseas demand and domestic consumption across a number of categories will help producers achieve better prices this year,” Senior Analyst at Ag Answers, Matt Ough, said.
"The growth and development of new and existing export markets is absolutely vital for the long-term sustainability and profitability of Australian horticulture.
"This is an area we anticipate will continue to grow in the medium to long term.”
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