Australian Wheat and Barley Prices Rise Amid Dry Conditions and Freight Costs

Wheat and barley prices have risen in Australia due to dry conditions and frost that affected crops in southern Queensland. According to Stewart Grain trader Robert Quinn, freight rates increased by 5 AUD per tonne last week, driven by higher diesel costs and dry weather. This has led to a shortage of supplies from the south.

Quinn said growers may hold back on selling barley with low test weights, which could lead to blending or on-farm use. Meanwhile, Sunrise Commodities managing director Scott Merson noted that wheat and barley prices have firmed this week due to thin grower selling and domestic and offshore factors. He also mentioned that the northern harvest is expected to be fast, with contract harvesters and carriers looking for work in southern Queensland.

Peters Commodities Wagga Wagga-based trader Peter Gerhardy observed that frost has hit crops in parts of southern NSW, but damage is expected to be minimal if nighttime temperatures remain above zero. However, some crops may still be cut for hay due to dry conditions and depressed price outlook.