Pricing Issues in the Australian Wheat Industry

Introduction
This report is going to outline and explain pricing issues in the Australian wheat industry, covering the topics of production & consumption, trade, industry structure and price. Australia is currently one of top five wheat producing countries in the world. We represent only 3% of global wheat production but account for up to 18% of total world exports.
Production
Between 1995 & 2000 wheat production in Australia averaged 37.2million tonnes with Western Australia being the biggest producer with an average annual production of 13.19million for the same period…