Report

Gippsland


Date Gipps '20 Gipps '19 Gipps '5YA
10-Jan-20 365 465 340
17-Jan-20 370 460 340
24-Jan-20 370 460 340
31-Jan-20 360 460 340
07-Feb-20 350 455 334
14-Feb-20 345 450 334
21-Feb-20 345 440 334
28-Feb-20 345 425 334
06-Mar-20 340 425 330
13-Mar-20 335 430 330
20-Mar-20 340 435 330
27-Mar-20 370 425 330
03-Apr-20 375 425 337
10-Apr-20 385 415 337
17-Apr-20 385 425 337
24-Apr-20 385 430 337
01-May-20 370 425 342
08-May-20 365 415 342
15-May-20 360 410 342
22-May-20 355 425 342
29-May-20 350 455 342
05-Jun-20 350 453 352
12-Jun-20 340 450 352
19-Jun-20 330 450 352
26-Jun-20 320 455 352
03-Jul-20 310 450 354
10-Jul-20 320 445 354
17-Jul-20 330 435 354
24-Jul-20 335 425 354
31-Jul-20 335 425 354
07-Aug-20 325 420 347
14-Aug-20 315 410 347
21-Aug-20 300 410 347
28-Aug-20 295 410 347
04-Sep-20 295 420 345
11-Sep-20 290 425 345
18-Sep-20 295 435 345
25-Sep-20 300 365 345
02-Oct-20 305 370 355
09-Oct-20 305 370 355
16-Oct-20 325 370 355
23-Oct-20 370 355
30-Oct-20 370 355
06-Nov-20 370 349
13-Nov-20 370 349
20-Nov-20 370 349
27-Nov-20 365 349
04-Dec-20 345 340
11-Dec-20 350 340
18-Dec-20 355 340
25-Dec-20 355 340
27-Dec-19

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.

 

Grain Commentary

Wheat: Down $10 ($335 to $345/tonne). Barley: Steady ($260 to $270/tonne). Maize: Down $10 ($495 to $505/tonne). Canola Meal: Steady ($420 to $430/tonne).

A drop in offshore wheat futures values and an increase in the AUD softened wheat markets this week. The discount of spot barley in comparison to spot wheat is still very large, which is seeing some demand move from wheat and some downwards pressure on prices.

Grower selling for barley remains limited, however there has been a slight increase in grower engagement in these markets over the last week.

It is expected that low export demand, given tariffs on Australian barley from China, and favourable crop conditions will see a large excess of barley over the next season. Growers remain reluctant to sell barley, however, at current levels.


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.


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