Saturday, September 7, 2019

Case Summary Essay Example | Topics and Well Written Essays - 750 words

Case Summary - Essay Example This is because the ruling will affect the way she runs her business in a very big away, being the owner and operator of The Grove. The case also captures the Australian Olive industry which has been on the rise. According to the case, agriculture forms a meager but important part of Australia’s economy, and accounts for about 3 percent of the country’s GDP. However, in a bid to ensure that the country’s agricultural industry remains profitable, sustainable and competitive, the Department of Agriculture started a strategic review of the olive industry. The industry began in the year 1880 with George Suttor being the first person to plant the first olive tree in Australia. The industry would then become popular after World War II when migrants from the Middle East and Europe settled in the country. While Australia was a net importer of olives in the year 2005, analysts believed that growth in the industry would be able to meet the domestic demand in about 5 to 10 years. Every year, about 13 to 18 million tons of olives are produced in the world, and Australia is forecast to produce about 4000 0 to 50000 tons every year by the year 2011. In terms of the table olive sector, Australians consume about 0.9kgs of table olives per individual. The top olive consumers worldwide are the E.U, the U.S, Turkey and Syria, with the European Union accounting for 33 percent of the world consumption. From the case, one can deduce that this consumption has increased by 30 percent between the years 1998 and 2003, with olive production reaching record levels in 2003. While production had increased by 50 percent since 1990, it sharply increased by a staggering 18 percent in the year 2002. Syria, Turkey and the EU produce about 65 percent of table olives in the world, with Australia being forecast to produce about 18 to 45 thousand tons of table olives annually by the year 2013. Many of Australia’s enterprises that deal with table olives are

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