The Australian wheat market: Australia is a key producer of wheat, supplying large amounts to the international market.

a) *Draw a simple model of the market for wheat globally, and in Australia (draw two diagrams side-by-side and show how they are linked). Reflect on what access to international trade means for Australian farmers, Australian food manufacturers, Australian food consumers, and Australian society overall.

b) **The market for wheat was significantly affected by the invasion of Ukraine at the start of 2022. Wheat prices increased dramatically due to sanctions and disrupted supply, as Russia and Ukraine account for a large portion of global wheat supply. Show in your diagram how this affects Australian wheat producers. Comment on flow-on-effects to Australian food manufacturers and consumers.

c) **Russia is also a key supplier of fertilisers used by Australian farmers. How can we expect this to affect Australian wheat producers?