By Madelene Pearson
March 11 (Bloomberg) -- Western Australia, the nation’s biggest grain-growing state, will end export restrictions on barley, lupins and canola to boost competition.
The state government will repeal legislation giving control of exports to the Grain Licensing Authority, Terry Redman, the minister for agriculture said today in a statement on the department’s Web site.
Australia, the world’s fourth-largest wheat exporter, last year ended its monopoly on overseas sales of the grain, giving 22 traders permits to ship wheat. Western Australia usually produces about 40 percent of the nation’s total grains and most of the state’s crops are exported.
“Removing the export restrictions of these grains would improve market competition which would reduce costs for traders and provide growers with more selling options and potentially higher prices,” Redman said.
The export market for barley, lupins and canola will be deregulated before the start of the next 2009-2010 harvest.
The authority oversees bulk exports of barley, canola and lupins, with the main licence for shipments being held by Grain Pool Pty, a unit of CBH Group, the state’s biggest grain handler, according to the authority’s Web site.
To contact the reporter on this story: Madelene Pearson in Melbourne on mpearson1@bloomberg.net
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