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ARTICLE · 01 APRIL 2015

Deregulation of the bulk wheat export industry in Australia

The article discusses deregulation of Australia's bulk wheat export industry and considers the related opportunities.

AustraliaReal Estate and Construction

Summary

In issue 6 of Cultivate, we discussed the windows of opportunity for Australian agribusiness investment. In light of that, we now discuss the deregulation of Australia's bulk wheat export industry and consider the opportunities it presents.

Code of Conduct

The Competition and Consumer (Industry Code-Port Terminal Access (Bulk Wheat)) Regulation 2014 (Code of Conduct) authorised, as from the opening day of the 2014 harvest season, the next phase in the systematic deregulation of the bulk wheat export market which began when the Australian Wheat Board's statutory monopoly was revoked.

Deregulation is supported by the Productivity Commission's report of 2010, which found that the bulk wheat export market had been performing well, despite concerns expressed by a number of growers.

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