Demand for Grains on the Rise in Australia
Buyer demand for grains in Australia has increased as domestic users seek to cover their needs before the new crop harvest.
Some exporters are also accumulating and carrying old crop as a precautionary measure before executing early shipping slots.
- 28 grades of wheat, barley, canola, lentils, lupins, maize, and oats were traded.
- 37 buyers purchased grain nationally through Clear Grain Exchange and igrainX.
- Buyers were active in various markets, including Queensland, NSW, Victoria, South Australia, and Western Australia.
Growers with capacity are able to take advantage of conditions.
Author's summary: Demand for grains rises in Australia.