Industry Analysis & Industry Trends
The Grain Growing industry is export-oriented and includes crops such as wheat, barley, sorghum and other grains. The industry has sustained high levels of revenue volatility over the past five years, largely influenced by adverse weather conditions that have affected local supply. Fluctuations in global grain prices and crop supplies over the past five years have added to this revenue volatility. Industry revenue is forecast to expand by an annualised 2.3% over the five years through 2015-16, to reach $13.8 billion. However, this figure is skewed slightly by the surge in revenue in 2010-11. Average profitability has fallen over the past five years, due to strong profit margins recorded in 2010-11. Revenue is forecast to rise 0.7%... purchase to read more
Industry Report - Industry Products Chapter
The industry's products are divided into four types of grains: wheat, coarse grains, oilseeds and legumes. Many farms produce several of these grains, as some are winter crops while others are planted in summer. Each segment's size represents its contribution to industry revenue.
Wheat is Australia's primary crop and accounts for more than half of the country's annual grain production. Wheat has a broad range of uses and is a key ingredient for making bread, pasta, noodles and other staple food items. Wheat prices are extremely volatile and depend on global supply, demand and weather patterns. For example, wheat prices soared in 2010-11 as production fell across major wheat-producing regions and global demand outstripped supply... purchase to read more