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Food manufacturing key to Australia's future

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Australian business titans Anthony Pratt and Andrew Liveris have named food manufacturing as a key to the nation's future in a post COVID-19 world.

Mr Pratt said manufacturing would be "turbocharged" if Australia: improved water infrastructure; accelerated depreciation for manufacturing investment; brought down power prices through an "all of the above" energy policy involving renewables, gas, coal, and nuclear; increased superannuation fund lending to corporate Australia for investment and jobs; and embraced free trade agreements.

Mr Pratt used wheat as an example. He said wheat sells for $100 a tonne. If it is turned into flour its sells for $500 a tonne and if it is made into bread it is worth $5,000 a tonne.


https://www.canberratimes.com.au/story/6771699/food-best-hope-for-australias-recovery/?cs=14232

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By Lynn Wood

28 May 2020

 
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