A challenge to move carryover grain after record Western Australia harvest

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 ...