Australia: Export lifts values, local demand quiet
Australia
Published Mar 3, 2023
Tridge summary
Solid export demand for wheat in southern markets and sorghum in the north has lifted values in the past week, with gains of $12-$15 per tonne seen. Domestic consumers are mostly immune from the price hike, as they are well covered for nearby requirements. Trade sources report trucks are in ready supply and freight rates […]
Original content
Solid export demand for wheat in southern markets and sorghum in the north has lifted values in the past week, with gains of $12-$15 per tonne seen. Domestic consumers are mostly immune from the price hike, as they are well covered for nearby requirements. Trade sources report trucks are in ready supply and freight rates are up to 20 percent cheaper than they were this time last year, which gives consumers no concern about booking up and taking delivery of tonnes in coming week. The exception is on the run to the Port of Brisbane, where sorghum is being accumulated for bulk export, and containers loaded up-country are also on their way to port. Table 1: Indicative prices in Australian dollars per tonne. Rainfall in the grainbelt has been negligible in the past week, allowing growers to desiccate sorghum crops and make significant headway with harvest. Sources report the flow of grain to where it needs to be is happening as scheduled for the first time in months now that all roads ...
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