Business Chief APAC+ANZ Magazine October 2018 | Page 69

09

Wheat

A $ 6.06bn

Last year , Australia ’ s wheat exports were worth a total of $ 4.32bn ( A $ 6.06bn ), which marked a 24.9 % increase from the previous year ’ s $ 3.46bn ( A $ 4.85bn ) in 2016 . Sales of wheat took a 1.6 % share of the country ’ s total exports . While wheat exports declined by around 34 % in 2017 , this year the industry is experiencing steady growth of just under 7 %. The eight-year low experienced last year has reportedly been helped by heavier rain in Australia ’ s west in the past few months .
69 www . businesschief . com