The Australian Greens have welcomed the report of the Wheat Industry Advisory Taskforce report on its inquiry into wheat stocks information but cautioned that the Government shouldn't take their eye off the ball on this important issue.
"The Taskforce and inquiry were established as a result of the Greens negotiations with Government over the Wheat Export Market Amendment legislation to address ongoing issues with the deregulation of wheat export market, particularly about access to grain stocks information," said Senator Rachel Siewert, the Australian Greens spokesperson on Agriculture.
"When we were consulting with industry over the legislation it was apparent that there were unresolved issues for many growers, focussed largely on the east coast market, which operates differently to the West. In order to address these issues, the Government agreed to establish the Taskforce as a mechanism to try and resolve them. I'm pleased to see that progress is being made.
"I welcome the release of the recommendations by the Taskforce and the acknowledgement that more information should be available to growers and traders. However I remained concerned that without a requirement for the release of this information commercial storage providers and bulk handlers may not readily co-operate. The Government may still need to move to regulate if this proves the case.
"Government needs to monitor this situation, to ensure that stock information is provided, and that market failure isn't occurring. A review of the implementation of the recommendations should be undertaken in 3 years to ensure that the system is working for growers and traders.
"I am therefore calling on Government to include a review of the implementation of the recommendations as part of the process they set in place" concluded Senator Siewert.