South West WA

Notes:

Commentary

• Wheat: Steady ($320 to $330/tonne). Barley: Steady ($260 to $270/tonne). Triticale: Up $5 ($270 to $280/tonne). Oats: Steady ($280 to $290/tonne).
• Weather forecasts suggest next week will be a dry and warm one in Western Australia. Currently the crop quality is holding up and yields are better than expected.
• Wheat prices have eased marginally this week as harvest selling begins to impact prices.
• Barley prices have increased this week as traders are willing to buy products around the $270/t FIS level for feed barley.
• Oats prices have also increased this week, with $300/t FIS prices being offered across the Kwinana and Albany port zones. The latest GIWA estimates suggest the Western Australian crop at around 550k. If realised, this would be a 150,000t increase from last season.

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.