After a 40 year period over which wheat prices have dropped by an average of 2.7 per cent annually in real terms, fundamental changes in wheat supply and demand look set to reverse this trend. It is possible that real prices could increase by as much as 4 per cent anually in the medium term.
Alan Haagensen and Ian Wilkinson look at the forecasts for wheat prices and outline the forces that will influence world supply and demands for wheat.
Haagensen, Alan and Wilkinson, Ian
"Positive price outlook for wheat : implications for WA agriculture,"
Journal of the Department of Agriculture, Western Australia, Series 4: Vol. 37
, Article 3.
Available at: http://researchlibrary.agric.wa.gov.au/journal_agriculture4/vol37/iss2/3