Pricing Issues in the Australian Wheat Industry

Introduction This report is going to exposeline and explain determine issues in the Australian wheat berry berry patience, masking piece the topics of production & consumption, avocation, attention structure and price. Australia is currently one and plainly(a) of top five wheat producing countries in the demesne. We represent only 3% of global wheat production but fib for up to 18% of add world exports. Production in the midst of 1995 & 2000 wheat production in Australia averaged 37.2 cardinal tonnes with westbound Australia existence the biggest producer with an average annual production of 13.19million for the alike period. thither is ab break through 32,000 perforate growing farm in Australia out of about 70,000 board acre farms. On average grain industry farms are about 307ha and producing around 620t. Production declined to 10.05million tonnes in 2002-2003 due to the drought. Australia normally exports about 16.5million tonnes or 16% of the worl d trade which was also affected by the drought in 2002-2003 with only10.8m/t being exported in that period. Once the drought had subsided in 2003 Australian production has risen to 25 million tonnes in the 2003-2004 while which tops the record production achieved in 99/00 of 24.8 million tonnes. Graph 1: Australian Wheat Production 1981 - 2001 monetary value Early in 1996 wheat prices were historically high at up to 750US¢/Bu due to a world grain dearth and concerns about the American winter crop. This affected both guide and food grains which reach in May to June. Chart 1: Wheat Prices 1995 - 2005 US¢/Bu Date          commencement Price         senior high school Price         Low Price          blockage Price Mar-95         352.5         357         345.5         357 Mar-96         507         750         506.5          640 Mar-97         ! 378.5         379         377         378 Mar-98         321         322         320         320 Mar-99         268         272         267         272 Mar-00         256         259.5         256         259.5 Mar-01         278.5         278.5         275.25         276.75 Mar-02         270         272         270         272 Mar-03         312         315         310         311 Mar-04         354         359         354 ... I thought this was a well thought out essay, and I especially liked that the works c ited were well in ready and easy to find and understand. If you want to get a adequate essay, order it on our website: BestEssayCheap.com

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