LOUIS Dreyfus Company (LDC) has joined ADM as a buyer of grain delivered to T-Ports’ sites at Lock and Lucky Bay on South Australia’s Eyre Peninsula.
While ADM has been buying through T-Ports sites since they were commissioned last year, LDC is new to the fold.
In a statement, T-Ports said the addition of another global trading house provided more options for growers, and would solidify warehousing confidence and provide further pricing sustainability within the T-Ports supply chain.
Victorian-based barley and wheat pool manager Flexi Grain will once again be accumulating at T-Ports sites, but additionally will be offering on a free-on-board basis through its new Collaborative Export Program with T-Ports.
Flexi Grain general manager Jarrod Tonkin said the big wheat and barley crop now being harvested in south-eastern Australia has enabled the company to switch its pool-marketing focus from domestic to export sales.
“With the Aussie crop being bigger, it was a necessity for us to be an exporter,” Mr Tonkin said.
“We now have an export number and we’ll be selling bulk, and passing that competitive elevation margin on to growers.”
ADM exported the first grain from the Lucky Bay terminal earlier this year.