There's cautious optimism for another bumper year for hay exports

Published 2020년 7월 17일

Tridge summary

Australia's fodder industry is experiencing a positive start to the year, with export volumes increasing compared to the same period in 2019. The Australian Fodder Industry Association (AFIA) reports that 531,497 MT of hay was exported in the first five months of 2020, up from 477,361 MT in the same period of 2019. Despite this positive trend, AFIA CEO John McKew cautions that the market is unpredictable and maintains that a record year is not yet assured. Factors such as weather conditions and the potential for a dry spring could impact export projections. However, there are no reported issues with coronavirus affecting hay exports to countries like Japan, China, South Korea, and Taiwan.

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

Original content

Favourable seasonal conditions, and an increase in the amount of hay available for the domestic market, have led to cautious optimism among fodder exporters. Australian Fodder Industry Association chief executive John McKew said export volumes for the first five months of 2020 are up, on a year-on-year basis. He said 531,497 MT had been exported until the end of May, compared with 477,361 MT in the corresponding period of 2019. The latest figures compare with a volume decline of just over six per cent, for 2019, compared with 2018. "The year is going well, but we all know export markets can be fickle beasts and our exporters must work hard to protect and sustain their markets," Mr McKew said. "It's a little bit early to start suggesting we'll have a record year of exports; there is a bit of moving around of export figures, from month to month. "There is a bit of seasonality about them, as there is with most things." Read more: Women bring their skills to drive hay business Frantic ...

Source: Farm Online National