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Wednesday, 10 October 1973
Page: 1916

Mr King asked theMinister representing the Minister for Primary Industry, upon notice:

(1)   What quantity of wheat was sold by the Australian Wheat Board for consumption within Australia during the last 5 years.

(2)   What quantity was sold for export during the same period.

(3)   What price does the Board charge for wheat sold for Australian consumption.

(4)   What is the recognised international price at the present time.

(5)   Who stands the loss between that wheat sold for export and that sold for local consumption.

Mr Grassby - The Minister for Primary Industry has furnished the following answer to the honourable member's question:

(1)   and (2)-


(3)   Prices of wheat for consumption in Australia in the 1972-73 season (December-November) are, on an f.o.r. ports basis:

For human consumption - $67.63 per tonne ($1.84 per bushel).

For stock feed- $56.98 per tonne ($1.55 per bushel).

(4)   On 24 September 1973 the Board's export price for F.A.Q. wheat was$A136.20 per tonne ($3.71 per bushel) f.o.b. This is fairly representative of the international price.

(5)   It has been a feature of the Wheat Industry Stabilization arrangements over the 25 years period of their operation, in line with the agreement of the Australian Government, State Governments and the Wheat Industry, that the price of wheat for consumption in Australia is divorced from the fluctuating export price. For many years the arrangement has been to the advantage of the wheat industry since the export price has been below, at times considerably below, the fixed domestic price. However, this season the export price has risen sharply to a level well above the domestic price. The advantage therefore currently lies with the Australian consumer.

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