GrainCorp says international customers, including China, are keen to secure supply after a hard-slog harvest delivers a large and valuable crop.
GrainCorp says rail and road bottlenecks are holding back exports as China and other international customers look to secure food supply and with Australian farmers grinding out one of the country’s longest, biggest andThe east coast grain-handling giant expects continued strong prices and high demand for Australian wheat, barley and canola amid global food security concerns stemming from Russia’s war on Ukraine.
Grain industry sources estimate the cereal and oilseeds component of the harvest will be worth up to $12 billion to farmers in Queensland, NSW and Victoria alone, up from $9 billion last year. GrainCorp, which has employed more than 3000 casual workers to help with the latest bumper harvest, hit the 10 million mark well before Christmas last year and would normally be winding down the receival task.Mr Pamminger said GrainCorp’s seven east coast port terminals were shipping big volumes of wheat but the supply chain was restricted by problems with rail and truck transport.
“Large international customers want security of supply over extended periods. A lot of our customers buy three to five months ahead.” “This harvest has been a really hard slog for a lot of people. We have had all kinds of dramas thrown at us,” Mr Hoskin said.
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