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 farmers to end markets, both domestically and internationally. Over the five years through 2015-16, industry revenue is forecast to grow by an annualised 6.1% to reach $18.1 billion. Industry revenue is anticipated to rise by 5.5% in 2015-16. This is due to an expected increase in total domestic grain production, combined with a marginal increase in world wheat prices. The projected further depreciation of the Australian dollar should also boost demand, due to the improved relative affordability of Australian grains in export markets.
As is often the case for industries that depend on agricultural commodities, revenue volatility is very high... purchase to read more
Industry Report - Industry Locations Chapter
The Cereal Grain Wholesaling industry is concentrated in the major grain-growing states of Victoria, New South Wales and Queensland. These states are estimated to account for almost 80.0% of industry establishments. The negligible shares held by Tasmania and the Australian Capital Territory reflect the limited extent of grain growing activities in these areas. Over the past five years, the proportion of grain wholesalers in New South Wales has declined marginally, but numbers have increased for Victoria, Queensland and Western Australia.
The rise in enterprise numbers in Western Australia is surprising given that production volumes for the state have almost halved over the past five years, due to the crippling effect of the drought across the Western Australian wheat belt... purchase to read more