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 made purchases nationally through Clear Grain Exchange and igrainX.
- Buyers were active across various markets, including Queensland, NSW, Victoria, South Australia, and Western Australia.
This increased demand led to many grain prices rising closer to grower targets last week.
No direct quote available in the text.
Author's summary: Australian grain demand grows ahead of harvest.
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