Australian sorghum crop of more than 2.5 million tonnes set to be the largest in 14 years
Sorghum
Australia
Published Feb 19, 2022
Tridge summary
Expectations that Australia's 2022 sorghum harvest will end up north of 2.5 million tonnes is likely to cap prices in the coming months. Sorghum prices are holding in the mid $290s delivered into the Darling Downs, as improved harvesting weather allows more of the crops to be cut. Brisbane port values have been steady around $310 a tonne.
Original content
Domestic feed grain buyers are showing little interest in utilising sorghum at current prices, which are only at a modest discount to stockfeed wheat into the southern Queensland feedlots, pig, and poultry markets. Most feed grain users are intent on maximising the volume of stockfeed wheat in rations where supplies are abundant following the wet winter crop harvest in NSW. Feedlots are also soaking up as much barley as they can at the current $10-$12 discount to stockfeed wheat delivered into the Downs. An Australian sorghum crop of more than 2.5 million tonnes would be the largest in 14 years and require a massive export program to move the harvest. A crop of this size is not assured, as it would require a large Central Queensland sorghum harvest, where many farmers are still planting. China has been the major destination for Australian sorghum exports, and this is expected to continue in the next 12 months. Australia exported about 1.65 million tonnes of sorghum in the 2021 ...
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