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 Products Chapter
The proportion of each grain sold by wholesalers largely reflects the proportions of grains produced across 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 in major wheat producing regions overseas, which caused global demand to outstrip supply... purchase to read more