VIC Market Update – 12/04/2019

James Ryssenbeek, Agfarm Regional Manager VIC

Sowing continues throughout Vic, but most I’ve spoken with won’t start in earnest until later this month. This week I spent some time around Shepperton/Tatura in what is a very diverse cropping, dairy and fruit area. It seems a good amount of pasture for dairy has been sown now. There were a few pivots running and some flood irrigation being applied. A lot of paddocks in the area haven’t had a summer irrigation due to the cost of water. Demand for water is high now to bring them back into production before cooler weather stalls growth. On a positive note, milk prices are rising with competition for supply as production backs off.

I also attended a forum on agri waste this week. Did you know, 45% of horticultural production is lost as waste between production and consumption! Too big or small, wrong colour, bruised…etc. Some very interesting discussions presented by chemists, professors and start-up tech businesses looking to turn production waste and by-products into profit. A lot will happen in this space in coming years!

Grain markets remain quiet. I’ve had a few calls this week from growers checking in with the market, but no sales. We continue to see movements of stockfeed in all states as the weather holds. Some consumers are also taking forward positions for coming months with prolonged dry, but otherwise quiet which is reflected in very stable pricing week on week.

 
 
 
 
 
 
 
 

Pictured: Dairy rotary which currently milks 750 cows, taking about 1.5hrs.

 

Prices as at 11th April

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

 

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