VIC Market Update – 07/06/2019

James Ryssenbeek, Agfarm Regional Manager VIC

1.5 minute read

Another good week in Victoria. Rainfall has been widespread through the middle and southern areas. Speaking with two growers around Donald/Brim area and both have had >60mm average across their farms for May and are very happy at the moment. However, there are areas requiring more rainfall. Echuca heading west along the border to Mildura have missed much of May’s rainfall (relative to central and south) and will need more soon. Unfortunately, the rains forecast for this coming week aren’t showing to benefit these areas – but that has been known to be wrong!

Markets are a mixed bag this week. Old season wheat had some big moves, both up and down, while barley has remained relatively stable supported by continued sales to livestock holders. The cooler weather continues to stall pasture growth, so feeding is still required. New crop markets have softened this week in Vic with the run on good rainfall and nice early growing weather.

Interesting fact for you, top export destinations for Victorian wheat in 2018 were; Malaysia 258KMT, Indonesia 203KMT, Vietnam 150KMT, Philippines 115KMT, New Zealand 121KMT and Thailand 102KMT.

Pictured: Freshly sown paddock near Balliang VIC.

 

Prices as at 7th June

* View of current market pricing. Does not represent current Agfarm bids.

 

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