World Food Prices Lowest Since 2009

The video discusses the challenges faced by Australia's wheat farmers, including drought and falling prices. It highlights global commodity trends, noting that wheat is among the worst performers due to surpluses in the northern hemisphere. Despite these challenges, the video offers a positive outlook by comparing current conditions to the 2008 food crisis and noting rising trends in live cattle exports, especially with potential deals with China.

What is one of the main challenges currently faced by Australia's wheat farmers?

• Increased demand for wheat

• Drought in Queensland and Northern NSW

• High wheat prices

• Surplus of wheat in Australia

What is causing the global wheat prices to fall?

• Decreased production in the southern hemisphere

• Bumper crops in the northern hemisphere

• Increased demand for wheat

• Rising oil prices

Which commodity is seeing a recovery in the US market?

• Pork

• Oil

• Dairy

• Wheat

What significant agricultural export deal is Australia close to signing?

• Pork export deal with Japan

• Live cattle export deal with China

• Dairy export deal with the US

• Wheat export deal with India

By what percentage have live cattle exports increased?

• 15%

• 20%

• 25%

• 10%