In Australia, wheat accounts for more than one-fourth of the total value of crops produced in the country. In terms of all agricultural commodities produced nationwide, wheat is second only to cattle.
Interestingly, Australia is a relatively small producer of grain, with its wheat production accounting for around 3% of the annual world production. Due to low domestic consumption, about 70% of Australian wheat is exported. This high export surplus results in Australia being one of the five largest exporters worldwide.Continue reading