Read grain data and statistics about the Bega Valley region.
- Wheat: Steady ($390 to $400/tonne). Barley: Steady ($310 to $320/tonne). Maize: Steady ($475 to $485/tonne). Canola Meal: Steady ($440 to $450/tonne).
- On the whole (looking at public bids) spot wheat prices have remained flat over the past week.
- However, in some instances, the spread between bids and offers is widening, with a higher level of variability being seen in nearby areas, from time to time.
- There is an expectation that the buy side will have to come up to offer levels, between now and harvest.
- Barley prices have remained flat, as buyer interest in this market continues to pick up. At present, the sell side seems to be responding reasonably well to this demand.
- This selling activity has not matched some expectation of the pickup in barley offerings that was going to happen post end of financial year (noting that it is still early days in this respect).
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.
This report has been commissioned by Dairy Australia to provide an independent and timely assessment of grain and hay markets in each dairying region. 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, to the fullest extent permitted by Australian law Dairy Australia disclaims all liability for any inadvertent errors and for any losses or damages stemming from reliance upon its content. Dairy Australia recommends that all persons seek independent advice and, where appropriate, advice from a qualified adviser, before making any decisions about changes to business strategy.