The Victorian Government has this week announced $5 million in relief measures for farmers and communities affected by drought, which include special provisions for parts of southeastern Victoria’s Gippsland region.
Australia’s total winter-crop production is forecast to drop 12 per cent nationally to 33.2 million tonnes (Mt), with production declines forecast in all eastern states, according to ABARES’ latest periodic Australian crop report.
Wet and windy weather in the past week has brought handy falls to promising crops on Western and South Australia’s coastal areas, but little to the crops which are struggling through lack of moisture in eastern Australia.
A lack of paddock feed for livestock in southern New South Wales has sparked a new round of buying from farmers in the state’s south as the need for rain increases, pushing eastern state grain and hay markets higher in the past week.
The AgriFutures Export Fodder Program is putting $2.2 million into research and extension to improve agronomy based primarily around Australia’s oaten hay export industry.
Australian wheat futures are showing a strengthening basis, as the yield outlook for eastern Australian crops slips and the trade comes to grips with another year of grain shortages.
Handy rains across Australia’s western and southern regions through the week have bolstered winter crop prospects, particularly in Western Australia and the southern parts of South Australia and Victoria.
Australia’s first Inland Rail Conference was held in Parkes last week, and outlined developments in New South Wales and Victoria, but lamented the continued absence of an Inter-Government Agreement with Queensland which is hindering planning for the northern end of the 1700-kilometre Inland Rail project.
The Victorian Government has today announced the creation of a single agency for Victoria’s freight industry called Freight Victoria, which will operate within Transport for Victoria with the aim of boosting the state’s freight advantage.
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.