North Coast NSW

Notes:

Commentary

• Wheat: Up $10 ($250 to $260/tonne). Barley: Up $5 ($205 to $215/tonne). Maize: Up $15 ($285 to $295/tonne). Sorghum: Up $20 ($315 to $325/tonne).
• In Queensland, the weather has turned hot with temperatures already hitting 40C. Limited rain has been reported in most areas of the state and short-range forecasts suggest ongoing dry conditions.
• Wheat markets have seen price volatility decrease in the past week despite harvest pressure from the east coast remaining strong. Protein and quality levels are coming in generally high with the majority of deliveries rated as H2 or better. However, screenings have been an issue in this region with the dry finish leading to AUH2 and HPS1 in the mix.
• Barley prices have increased somewhat, following international market prices higher. Barley continues to take up most feed demand from wheat at current price levels.
• China continues to be the main price driver for sorghum prices at the moment, with only intermittent demand from domestic feed users at the current values. Sorghum is considered expensive from a feed perspective given its price in comparison to wheat.
   

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.