Report

North West Tasmania

20 May 2020

Chart
Table

Date	Tas '23	Tas '22	Tas '5YA
06-Jan-23	514	470	424
13-Jan-23	510	470	428
20-Jan-23	505	470	428
27-Jan-23	505	468	430
03-Feb-23	500	465	428
10-Feb-23	510	455	424
17-Feb-23	515	455	423
24-Feb-23	520	458	422
03-Mar-23	505	460	418
10-Mar-23	505	468	419
17-Mar-23	505	485	428
24-Mar-23	505	485	428
31-Mar-23	495	490	429
07-Apr-23	495	490	429
14-Apr-23	498	498	435
21-Apr-23	500	505	441
28-Apr-23	495	510	444
05-May-23	490	525	446
12-May-23	490	558	451
19-May-23	490	590	459
26-May-23	490	590	461
02-Jun-23	490	575	464
09-Jun-23	490	560	459
16-Jun-23	493	575	460
23-Jun-23	495	570	456
30-Jun-23	500	555	453
07-Jul-23	490	525	448
14-Jul-23	483	528	448
21-Jul-23	475	530	450
28-Jul-23	490	500	446
04-Aug-23	480	510	450
11-Aug-23	485	510	453
18-Aug-23	488	505	451
25-Aug-23	490	500	451
01-Sep-23	490	495	449
08-Sep-23	500	490	449
15-Sep-23	510	490	450
22-Sep-23	515	498	456
29-Sep-23	513	505	461
06-Oct-23	510	505	465
13-Oct-23	505	515	471
20-Oct-23	500	540	475
27-Oct-23	500	540	473
03-Nov-23	490	550	472
10-Nov-23	490	560	473
17-Nov-23	490	550	475
24-Nov-23	495	520	471
01-Dec-23		515	470
08-Dec-23		510	462
15-Dec-23		520	465
22-Dec-23		525	464
29-Dec-23		518	463

Notes:

Change in price is the change since the last report. Prices are estimates based on delivery to dairy farms with allowance for freight, storage, and marketing costs, but exclusive of GST. Wheat prices are for the relevant stockfeed wheat available in a region (ASW, AGP, SFW1 or FED1) and F1 for barley.

The grain report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain markets in each dairy region. This report is created using data provided by Profarmer Consulting. It should be remembered that actual prices may vary for quality or other reasons. Whilst all reasonable steps have been taken to ensure the accuracy of the information contained in this report, Dairy Australia disclaims all liability to the fullest extent permitted by Australian law for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends all persons seek independent advice and, where appropriate, advice from a qualified advisor before making any decisions about changes to business strategy.

Commentary

Wheat: Up $5 ($490 to $500/tonne). Barley: Steady ($450 to $460/tonne). Maize: Steady ($470 to $480/tonne). Canola Meal: Steady ($665 to $675/tonne).
Harvest is starting to ramp up in Southern NSW and Victoria but looks like it will come to a halt over the weekend with significant rainfall forecast. There are concerns that the rain may damage crops. So far though, yields have reportedly been strong and grain quality has been good.
Wheat prices have been even to slightly softer this week, due to harvest pressure and weaker offshore markets earlier in the week.
Barley prices were relatively steady this week, as harvest pressure weighed on the market and Chinese export demand provided support.
Lentil bids were slightly firmer despite the stronger Australian Dollar.