Threat to Aus­tralian grain pro­duc­ers

China Daily (USA) - - BUSINESS -

Rus­sia’s grow­ing wheat pro­duc­tion poses a threat to the fu­ture of Aus­tralia’s $9 bil­lion grain in­dus­try, a re­port said. The re­port, re­leased by the Aus­tralian Ex­port Grains In­no­va­tion Cen­tre from its Perth head­quar­ters onMon­day, said grain ex­ports from Rus­sia would grow a fur­ther 60 per­cent by 2030. Ross King­well, the lead au­thor of the re­port, said that the low costs of the sup­ply chain in the Black Sea re­gion would in­crease low-cost com­pe­ti­tion in Aus­tralia’s key Asian mar­kets.

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