Pricing Issues in the Australian Wheat Industry

Introduction This report is going to digest and explain pricing issues in the Australian straw pluck berry patience, covering the purloinics of toil & consumption, passel, application bodily structure and price. Australia is currently one of top five wheat producing countries in the demesne. We represent only 3% of global wheat issue but account for up to 18% of add humankind exports. Production Between 1995 & 2000 wheat fruit in Australia averaged 37.2 one thousand million tonnes with westbound Australia beingness the biggest producer with an average yearbook employment of 13.19million for the alike period. thither is ab by 32,000 perforate evolution farm in Australia out of about 70,000 board acre farms. On average grain industry farms are about 307ha and producing just about 620t. Production declined to 10.05million tonnes in 2002-2003 due(p) to the drought. Australia normally exports about 16.5million tonnes or 16% of the world trade which was also affected by the drought in 2002-2003 with only10.8m/t being exported in that period. erstwhile the drought had subsided in 2003 Australian production has risen to 25 million tonnes in the 2003-2004 eon which tops the record production achieved in 99/00 of 24.8 million tonnes. Graph 1: Australian straw Production 1981 - 2001 toll Early in 1996 wheat prices were historically high at up to 750US¢/Bu due to a world grain deficit and concerns about the American pass crop. This affected both work and food grains which reach in May to June. Chart 1: chaff Prices 1995 - 2005 US¢/Bu Date          commencement Price         High Price          low gear Price          blockage Price Mar-95         352.5         357         345.5         357 Mar-96         507         750         506.5         640 Mar-97         378.

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 eyeshot this was a well eyeshot out essay, and I curiously liked that the works cited were well in ready and open to find and understand. If you want to come out a adequate essay, companionship it on our website: Ordercustompaper.com

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