Graingrower representative bodies are ramping up pressure on the Federal Government to take more decisive steps to implement Wheat Industry Advisory Taskforce recommendations for an open, transparent grain stocks reporting system in Australia.
Increased marketing options and last year’s record yields across the Australian grainbelt have prompted an upswing in grower orders for on-farm storage units and systems.
Negotiations between Australian Grain Technologies (AGT) and West Australian company InterGrain have fallen through and put an end to AGT’s plans to expand through the acquisition of one of its wheat and barley-breeding rivals.
Chinese demand for feed barley and mid-protein wheat has been a godsend for marketers of Australian grain faced with the task of shipping a massive export surplus into a depressed world cereal market.
South Australian bulk handler Viterra has released its preliminary segregation plan for the 2017-18 season, and is inviting growers to start the feedback process.
Ridley Corporation’s planned aquafeed plant in Tasmania is emerging as a customer for the island state’s very own high-protein wheats.
Global wheat production will decrease 15 million metric tonnes (MMT) from 753MMT to 738MMT for the coming season, according to the United States Department of Agriculture’s (USDA) first global production forecast for the season.
Demand for Australia’s current-crop durum has created a bright spot in the otherwise lacklustre cereal complex, with Italy and North Africa expected to absorb the 2016-17 export surplus when the last bulk shipment sails in July.
Graincorp has reported a half-year Earnings Before Interest, Tax, Depreciation and Amortisation figure of $236 million and an Underlying Net Profit After Tax of $100m, both well up on comparable 2016 results.
An agreement between Victorian freight rail operator Pacific National (PN) and the Rail, Tram and Bus Union (RTBU) will put an eight-week stop to industrial action which has been disrupting movements of grain to Victorian ports since March.