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Had you answered beef you would have been correct for most of the past decade.
However, lower prices for red meat and a rise in wheat prices fuelled by a global shortage and higher Australian production has resulted in wheat surging to become Australia’s highest value ag export for the past two years in a row.
The value of financial year exports of Australian wheat is forecast to reach $11.7 billion in 2022–23 – which would be the second-highest on record – and above forecast beef export value of $10.2 billion.
The Australian wheat…