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Table of Contents

• Introduction
• The Economic Analysis
• My View and Recommendation
• Conclusion
• References

Introduction

Analyzing of this study is to examine consumer demand theory and its application to material such as tea and coffee. There are two main reasons for this inspection. The first point is interconnected to development planning and the second to manufacturing planning. Many countries are now busy in building of development programs and to do this satisfactorily it is clearly mandatory to have some idea about the changes in utilization that are likely to occur with rising income levels. According to well-known actual situation perceptible in many countries, a part of growth in the value of agricultural products available for utilization per capita is attributable to shifts in consumption from less preferred food items to preferred food items.

The Economic Analysis

This study is attributable to review the basic definition of the purchaser demand thesis in order to approximate the demand for tea and coffee in Australia. Normally the study of purchaser demand thesis is more predominant because it can be used in expansion and manufacture planning. Some of the frequently used systems of demand equations for factual studies are describe. The study also ventures to describe a habit development hypothesis and include the hypothesis in the structure of demand equations (Bote, Zana, Ocho & Vos, 2018). On this basis, three models of demand equations with and without habit formation are used to judge the demand for tea and coffee in Australia. It is shown that none of the models content all the general reduction inflict on demand equations, since each one has some ascendancy and some drawback. However, through the collation of these models it is shown that a routine genesis model is legitimize. Tea in the Australian utilization pattern is a menial good while coffee is a normal material. On the basis of the different useful configuration, it appear that the double logarithmic system is much superior model for evaluate the demand for a single product such as tea or coffee (Behrendt et al. 2017). Therefore, in effort of producing higher amount of coffee beans, people and environment are two basic elements having impact on the farming process. However, in presence of pollution, the outcomes struggle with negative result where people play pivotal in farming and protecting the process from environmental hazards. Moreover, the people that are involved in coffee production are most likely to be impacted by these effects.  Global demand shows that overall demand of coffee is on increasing trend and thus, the supply of the coffee needs to meet the demand to balance the demand supply parity. This will potentially give more power to the roaster within the structure that already have.

My View and Recommendation

The brief dictation from above we can say Australia is among the major coffee consumer in the world. Around a century ago local industry has started to establish in Australia but it’s not capable to meet local demand. Accordingly, Australia has to import its coffee from other nation to meet local demand. Coffee was first to grow in Australia about a century ago, without any economic success (Bote, Zana, Ocho & Vos, 2018). Australia now ranked 24nd in the world for coffee consumption at 3kg per capita as in 2015. Australia mainly imports its coffee from India and Indonesia. Research says that it is feasible to import from either of these countries. However, the decision in this regard has to be based on analysis of a broader portfolio of coffee exporters, labor rates, logistics mechanisms from exporting countries, social and environmental practices and other relevant factors.

Coffee is not a mining or some machine output, to produce coffee we need to plant the coffee tree and that is a delicacy of work. To produce coffee, we need a vast field, not a just ordinary field we need the perfect field where the coffee plant can grow (Nguyen, Nguyen & Bosch, 2017). To meet up all the necessity we have to prepare the soil by spreading fertilizer. Fertilizing is a very important process to grow any plant; it contents basic needs to grow plants. There are many ways to process coffee like dry-natural, pulped-natural, washed-wet, but the problem is they all have their own pros and cons. Many farmers or producer choose to wash process, however, because it tends to create consistently clean coffee. For that reason, they often have high acidity and highlight the quality of the beans.

The next problem to solve yet is a financial problem. To improve growth of coffee we need to invest more money in this sector, by providing good water system, fertilizer, good equipment, etc. we also need to establish more amount of highway to transport coffee or coffee related good more smoothly. To meet the demand for coffee in Australia we have to look in a different country then we used to import, it will be helpful in financial support.

Conclusion

The summary of the salient findings presented above supported the hypotheses framed for study. Coffee is the most favorite drink in the world nowadays and Australia is not behind, Although Australia needs to work to its internal production problem. Because of its low rate of production, Australia likely used to import its coffee needs but to establish a strong GDP or to reduce its financial expenses. Results clearly showed that the coffee board was fairly successful in promoting area but more work needs to be done. As the increasing size of stock holding was the major problem that eluded solution for all the efforts of the coffee board, the alternative would be to reduce monopoly over production and supply. So that farmers would be given option either to deliver the produce the coffee board or to sell it outside. Supply management of coffee would require the coffee board to plan area expansion in pace with a pursuit of growth per se.

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