21.11.2013 - How to make the most of Asian food boom
Let's put Australia in perspective. According to data from the US Department of Agriculture and the Australian Bureau of Statistics, from 2010 to 2013 the entire annual Australian wheat crop of 24 million tonnes represented between 20 per cent and 25 per cent of China's annual domestic consumption of 125 million tonnes. China is the world's largest wheat producer and has been largely self-sufficient until this year. Similarly, Australia's total annual beef production of 21mt is less than 40 per cent of China's annual domestic consumption of about 57mt and less than 20 per cent of the US annual domestic consumption of about 115mt.......................................Full Article: Source
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