Up-country eastern states grain users, recognising that New South Wales harvest pressure had passed and summer crop prospects offered little relief, reverted this week to securing 2019 supply from interstate.
Export figures totaling 99,233 tonnes for Australian barley and sorghum in September show a steep drop from August, when a total of 268,722t was shipped, according to the latest data available from the Australian Bureau of Statistics (ABS).
This week China launched its first ever anti-dumping investigation against Australia, targeting barley exports. But, China’s main concern isn’t barley, and it isn’t the dumping of Australian products. It’s Australia’s use of anti-dumping against China.
Traders are bidding up big at South Australian sites on the national rail network to secure grain for end-users in inland New South Wales, where the drought-reduced harvest is tearing south at a rapid rate.
Peter McMeekin this week writes about the recent barley sale to Saudi Arabia, the major adjustment China made to its multi-year corn crop numbers and salutes the end of WWI.
Australia exported 30,668 tonnes of sorghum in August, down 74 per cent on the July total of 119,487t, and feed barley shipments also took a tumble to 89,838t, down 33pc from 134,728t shipped in July.
Anyone prepared to write a big cheque for grain can get supply into the most heavily traded grain market in Australia; with Darling Downs region wheat and barley expensive but gettable in the $450s now, in the $420s after harvest and sorghum in April is pegged in the $360s. Today’s Feedgrain Focus also looks at an analyst’s view of a primary role of the east coast grains market keeping supplies available to the domestic market.
Prices for wheat and barley delivered to New South Wales mixed farmers have climbed around $20 per tonne in the past week, signalling a fresh round of buying as spring lambing draws near amid limited pasture growth and uncertain prospects for winter crops.
Australia shipped 544,143 tonnes of barley to China in May, up from 484,302t in April, according to the latest export data from the Australian Bureau of Statistics (ABS), which puts May exports to all destinations at 746,186t, behind only March at 1 million tonnes in the 2017-18 shipping year.
The Saudi Arabian Government purchase of around 1.5 million tonnes of feed barley in its May tender for July-August arrival at an average price of $229/t c and f is around $20/t below the values paid in the previous April tender.