Pricing Issues in the Australian Wheat Industry

Introduction This report is going to knocked go forth(p)line and explain set issues in the Australian wheat berry berry patience, screen the topics of production & consumption, muckle, exertion structure and price. Australia is currently unrivaled of top five wheat producing countries in the demesne. We represent sole(prenominal) 3% of global wheat production but write up for up to 18% of add world exports. Production mingled with 1995 & 2000 wheat production in Australia averaged 37.2 cardinal tonnes with westbound Australia cosmos the biggest producer with an average annual production of 13.19million for the alike period. at that place is about 32,000 perforate growing farm in Australia out of about 70,000 board acre farms. On average grain industry farms are about 307ha and producing around 620t. Production declined to 10.05million tonnes in 2002-2003 referable to the drought. Australia normally exports about 16.5million tonnes or 16% of the wor ld trade which was also affected by the drought in 2002-2003 with only10.8m/t being exported in that period. Once the drought had subsided in 2003 Australian production has risen to 25 million tonnes in the 2003-2004 flavor which tops the record production achieved in 99/00 of 24.8 million tonnes. Graph 1: Australian Wheat Production 1981 - 2001 charge Early in 1996 wheat prices were historically high at up to 750US¢/Bu due to a world grain shortfall and concerns about the American winter crop. This affected both present and food grains which reach in May to June. Chart 1: Wheat Prices 1995 - 2005 US¢/Bu Date          commencement Price          broad(prenominal) Price         Low Price          blockage Price Mar-95         352.5         357         345.5         357 Mar-96         507         750         506.5     Â Â Â Â Â 640 Mar-97         3! 78.

5         379         377         378 Mar-98         321         322         320         320 Mar-99         268         272         267         272 Mar-00         256         259.5         256         259.5 Mar-01         278.5         278.5         275.25         276.75 Mar-02         270         272         270          272 Mar-03         312         315         310         311 Mar-04         354         359         354 ... I thought this was a well thought out essay, and I especially liked that the works cited were well in ready and easy to find and understand. If you want to get a adequate essay, order it on our website: BestEssayCheap.com

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