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The Australian Food and Grocery Council (AFCG) sees that the total industry output contracted
by 4.5 percent in 2010-11 while total industry employment declined by 2.2 percent or almost
7,000 people in the 2011-12 financial year. The detailed State of the Industry 2012 report
– examining fresh and processed food, beverage and grocery industries – showed the complex
industry was made up of 22,668 businesses in the 2011-12 (335 fewer than 2010-11, spent
about $466.7 million on R&D and accounted for $49.2 billion of international trade (an
increase of 4.3 percent).
For the complete article, please go to Big4.com