Grain sell­ers to trade on new mar­ket

Midwest Times - - NEWS -

Mid West grain grow­ers will have the op­tion of us­ing a new trad­ing plat­form to sell their grain at the end of this year’s har­vest.

Dai­lyGrain re­cently launched the Mar­ket­Place plat­form al­low­ing grow­ers to in­put pre­ferred bids for wheat and be matched with buy­ers.

Dai­lyGrain prod­ucts co-or­di­na­tor Chris Badgery-Parker said Mar­ket­Place pro­vided wheat grow­ers and buy­ers with in­for­ma­tion to make in­formed mar­ket­ing de­ci­sions and sell with con­fi­dence.

“Mar­ket­Place was de­vel­oped as there was feed­back from grow­ers that it was tak­ing a fair amount of their time in find­ing a price for their wheat and cre­at­ing a con­tract,” he said.

“With Mar­ket­Place, the process has been stream­lined to al­low grow­ers to use their valu­able time more ef­fi­ciently.

“It will also bring real mar­ket trans­parency to Western Aus­tralia’s grain mar­ket­place, and em­power grow­ers to set prices and trade on ac­cept­able terms with their cho­sen buy­ers.”

It comes off the back of a bet­ter than ex­pected grain sea­son in the Ger­ald­ton Port Zone, fol­low­ing a much needed spring rain­fall.

About 8241 tonnes of canola, feed bar­ley, lupins and wheat had trick­led into the CBH sys­tem at Ger­ald­ton by Oc­to­ber 24, two weeks af­ter the first de­liv­ery of 191 tonnes of canola was tipped into the bin.

More than 3.5 mil­lion tonnes of grain was de­liv­ered across the Ger­ald­ton Port Zone last har­vest as farm­ers en­joyed record yields.

In July this year, the Grains In­dus­try of Western Aus­tralia es­ti­mated 30 per cent of in­tended crop area would not be har­vested, but this num­ber has since dropped to about 10 per cent.

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