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 volatility in the past five years, largely influenced by adverse weather conditions that have constrained local supply. Revenue volatility has been further exacerbated by fluctuations in global grain prices and global crop supply over the past five years. Industry revenue is forecast to expand by an annualised 1.7% in the five years through 2013-14, to reach $12.8 billion. Favourable weather and planting conditions are projected to support production output, as revenue is forecast to rise by 5.1% in 2013-14.
The industry tends to follow a cyclical pattern, whereby sudden declines in production cause prices to spike... purchase to read more
Industry Report - Industry Products Chapter
Australia produces four types of grains: wheat, coarse grains, legumes and oilseeds. Many farms produce several of these, as some are winter crops while others are planted in summer.
Wheat is the largest segment in the industry. 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 often very volatile and are dependent 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