Grain sellers to trade on new market
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.