Wheat industry “poised for growth”

Wheat industry “poised for growth”.
The Australian wheat industry will ride a ‘new wave of growth’ as a result of federal government moves to deregulate wheat exports, a Senate inquiry has been told.

The Senate Rural and Regional Affairs and Transport Standing Committee is examining draft government legislation to abolish the single desk wheat marketing system.

The draft laws are designed to create more competition and transparency for the export of bulk wheat shipments after the AWB kickbacks scandal.

David Ginns, chief executive of the Grains Policy Institute, told the inquiry the removal of the single desk would force marketing costs down and put more power in the hands of growers.

‘The Australian wheat industry is poised to ride a new wave of growth as a result of removing the monopoly,’ Mr Ginns said.