Newcastle has joined Brisbane as a destination for feedgrain shipped from southern Australian ports, which is capping prices in northern markets while production concerns grow in the south.
The latest NSW Department of Primary Industries (DPI) State Seasonal Update for June indicates some welcome rain was received in southern NSW, but the majority of the state continues to endure dry conditions.
Rain in New South Wales and Queensland has caused southern wheat and barley values to drop $10-$15 per tonne in recent days, but the northern market has shown much less weakness.
Australia is estimated to produce 1.4 million tonnes of sorghum from the harvest now drawing to a close in Central Queensland, signalling the end of a growing season marked by challenging conditions in most areas.
Widespread rain forecast for much of Queensland’s grain-producing areas has animal feeders hopeful of an easing in prices, but not seeing any downward movement yet.
Major end-users like feedlots have joined graziers in the market for prompt-delivered feedgrains and cottonseed as the reality of the dry winter now upon us hits home.
The Nunkeri, Loch Lomond and Combogolong aggregation at Coonamble and Wimbleton at Walgett are on the market, and will test values for cropping country on the northwest plains of New South Wales.
Growers in pockets of NSW are planting more pulses than they expected to at the start of the year because of the seed’s ability to access subsoil moisture in the face of little to no planting rain to date in some areas, and healthy price prospects for pulses suitable for stockfeed.
The New South Wales Government is spending $60.4 million to upgrade the Griffith-Leeton rail line to accommodate faster and heavier trains which will benefit users of agricultural freight.
Operations have resumed at Australia’s largest flour mill, the Manildra Group’s home facility in central New South Wales, following an explosion on Saturday which injured one worker.