Wheat has emerged as the standout crop this year in Western Australia where winter crops overall are in good shape, making up ground over the last month following reasonable falls of rain and warm growing conditions.
Indonesia is Australia’s largest wheat market, and the requirements of its milling and baking sector are changing with urbanisation and economic growth, says AEGIC’s Dr Ken Quail.
The market for feedgrain delivered to Darling Downs end users has dropped by $5-10 per tonne in the past week, but values in southern New South Wales have held steady as frosts limit crop growth and kick along demand for supplementary feed.
Latest export figures from the Australian Bureau of Statistics have shown The Philippines was Australia’s largest bulk wheat market in May, taking 306,483 tonnes for the month to place it well ahead of Indonesia in volume terms.
The Office of the Gene Technology Regulator (OGTR) has today granted a licence to the CSIRO to conduct a field trial on bread wheat and durum wheat plants that have been genetically modified (GM) to improve their resistance to rust diseases.
The National Australia Bank (NAB) Rural Commodities Index rose 1.4 per cent in June, driven largely by impressive wool, lamb and cotton prices.
Agriculture Victoria’s cereal pathology team at the Grains Innovation Park at Horsham is testing 55,000 wheat, barley, oat and triticale varieties to determine their susceptibility or resistance to 10 different foliar diseases.
Wheat researchers have discovered a combination of genes that provide resistance to the significant fungal disease Stagonospora nodorum blotch (SNB) in Western Australian varieties.
Significant falls in futures prices over May and June add more weight to the expectation that the cycle of grain values may turn upwards during the 2018/19 marketing year beginning July 1.
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.