A challenge to move carryover grain after record Western Australia harvest

Published 2022년 2월 24일

Tridge summary

Record crop sizes and strong demand have led to high prices for commodities in Australia, with challenges including carryover of grain and potential global disruptions. Despite these challenges, the bulk and container shipping markets are expected to have a positive year. However, logistical issues need to be resolved to take full advantage of the prices. The relationship between Australia and China, as well as the impact of COVID on container markets, are key factors to watch.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

AROUND the country, farmers have been served a perfect combination of a record crop, which is tipped to spill over 60 million tonnes nationally, and extremely strong demand which has contributed to prices for some commodities hitting record highs. While there is an opportunity to take advantage of those prices, particularly in the second half of the year, challenges exist in that the record production levels, especially in Western Australia, have led to significant carryover of grain. On top of that, global factors also have the potential to disrupt prices, either positively or negatively, which has added another level of uncertainty. However, according to CBH Group chief marketing officer Jason Craig and Premium Grain Handlers director John Orr - who joined a panel discussion on the market outlook for the grain industry in 2022 as part of the virtual Grains Research and Development Corporation (GRDC) Grains Research Updates on Monday - both the bulk and container shipping are ...

Source: Farmweekly