Let's see, the flour yield from 1kg of wheat is approximately 700grams (70%). At the current "high" price of $300 per t port or 30 cents per kg there is around 21 cents worth of flour in 1kg of wheat. That means that the flour's value per kg is 30cents kg. Let’s give the millers a good margin and double that to 60 cents a kg. Plus throw in the bran ect. A loaf of bread weighs around 700 grams of which about 70% is flour. Let’s call it 500 grams of flour per loaf. So let’s think about this at 60 cents per kg for flour by 500 grams, that is 30 cents a loaf with a 100 margin for the flour miller. So the question must be asked why publications like this and the Financial Review don't explain what a ridiculous claim that a change from 20cents a kg to 30cents a kg will put any credible pressure on bread an other food prices.

As per above, the value of the wheat in a loaf of bread at $200t port (20cents kg) is approximately 10 cents per loaf. So at the current "high" price of $300 per t (30 cents kg) there is a huge 15 cents per loaf. Maybe Rural Press could do some research and publish a list of the value of the raw ingredients which would show the absurdity of articles like the above.

Warning: Farmers may be able to remain viable. When will our reporters wake up to the real story?

It's always good to notice that the prices come down when the price of wheat drops. NOT!!!!!

You do not see the price of groceries drop when the price of grain drops! The price on offer still has to stay up till harvest before any of this price will take effect and then the trade has to pass any increase onto the grower in full, which will not happen. It's called extracting a margin for the shareholders just like the banks do. If farmers cannot receive prices like what is around at the moment and above consistently you will see less and less grain grown. Check out the massive increase in machinery and other farm input cost. I cannot continue to grow food below the cost of production and absorb the increase in input cost. I have a family to feed as well!!!! Bumper prices pigs arse!!! Food producers are softening up consumers for another price gouge which will not be passed onto growers. Global food security? In twenty years when the population increases dramatically and there are fewer farmers who are driven out by bad government policy there will be food riots in the streets. Watch this space.

The headline is right in one respect, the price of food is currently so low that it almost has no value at all. So by definition the only way is up!