Examining AWB’s market power in the international wheat market
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The Australian wheat marketing system has been through a number of stages of deregulation in
recent years. However, the AWB still maintains the monopoly selling rights of Australian wheat
exports. The AWB and its supporters justify the single desk by arguing that the monopoly power
enables them to gain a higher price in the export markets. Opposition to the single desk argues
that Australia does not produce enough wheat to influence prices. The objective of this study is to
test the market power hypothesis by examining the quantity - price relationship of Australian
wheat exports and the stability of this relationship over time using annual data from 1961 to
2000.