Industry Analysis & Industry Trends
The Grain Growing industry is highly 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 the adverse weather conditions that have affected local supply. Fluctuations in global grain prices and global crop supply over the past five years have added to revenue volatility. Industry revenue is forecast to expand by an annualised 8.2% over the five years through 2014-15, to reach $13.6 billion. However, plummeting revenue in 2009-10 has skewed the industry's revenue growth figure over the period. Revenue is forecast to fall 11.1% in 2014-15, due to an anticipated 14.0% to 22.0% reduction in the nation's grain crop... 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, as some are winter crops while others are planted in summer. Each segment's size represents it contribution to revenue.
Wheat is Australia's primary crop and accounts for more than half the country's annual grain production. Wheat has a broad range of uses and is a key ingredient for making bread, pasta and noodles. 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