Industry Analysis & Industry Trends
Grain is one of Australia's most valuable agriculture products. Wholesalers play a major role in the distribution of grain from the farmer to end markets, both domestically and internationally. Over the five years through 2014-15, industry revenue is forecast to grow by an annualised 7.5% to reach $8.4 billion. However, this growth rate has been positively skewed due to a substantial decline in revenue in 2009-10 caused by ongoing drought conditions and low world wheat prices. Consequently, the industry's growth rate over this period has been inflated.
As is often the case for industries that depend on agricultural commodities, revenue volatility is very high. The supply of cereal grains from the Grain Growing industry is the most important factor affecting wholesalers' revenue... purchase to read more
Industry Report - Industry Products Chapter
The proportion of each grain wholesaled by the industry largely reflects the proportions of grains produced and sold in Australia. Global demand and production also influence demand for the industry's products. Cereal grains are expected to continue to play a major role in feeding the growing world population in the future. The industry's products are segmented according to their contribution to industry revenue.
Wheat accounts for the largest portion of industry sales. The world price of wheat is typically volatile, moving according to fluctuations in global output. The world price of wheat soared in 2010-11, due to poor production across major wheat producing regions overseas and global demand outstripping supply... purchase to read more