Grains are among the most important agricultural commodities in the world, with their popularity remaining fairly steady. Grains such as wheat, barley, canola and sorghum are widely grown in Australia for both domestic consumption and also export to other emerging markets.
Wheat is one of the most widely grown crops in Australia and it is exported throughout the world. Japan and Southeast Asia are the biggest importers of Australian wheat. Other popular crops include barley, of which Australia produces over eight million tonnes are produced annually, and oats.
Australia grows a lot of organic grains. For this reason, Australian grain can attract higher prices in the global market.
Factors affecting grain prices
The grain production industry frequently experiences fluctuation in price for a number of reasons as stated below.
It's always tricky dealing with the swings of the weather when you are a farmer. You can suffer if there is too much rain, not enough rain or even rain at the wrong time of the year. It can make it really challenging to have enough feed for livestock or to be able to harvest a crop later in the year if you are a crop farmer. Often there are some relatively simple things you can do to manage these issues, including buying supplemental feeds or running drainage ditches. This blog is about managing all of the events that can happen over a long winter as a farmer or farm manager.