Scribd Logo
Upload

Welcome to Scribd!

  • 27 views

    GrainCorp+Harvest+Update

    Uploaded by

    JustinTang
    Grain receivals at GrainCorp sites in Queensland, New South Wales, and Victoria as of October 30, 2018 totaled 181,500 tonnes, with the majority (156,000 tonnes) being transhipped via port. Due to drought conditions, a significant amount of grain production is expected to remain on farms or be directly delivered to domestic consumers rather than going through GrainCorp sites. Recent rains in some regions have improved crop outlooks and boosted grains in heading stages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    GrainCorp+Harvest+Update

    Uploaded by

    JustinTang
    27 views1 page
    Grain receivals at GrainCorp sites in Queensland, New South Wales, and Victoria as of October 30, 2018 totaled 181,500 tonnes, with the majority (156,000 tonnes) being transhipped via port. Due to drought conditions, a significant amount of grain production is expected to remain on farms or be directly delivered to domestic consumers rather than going through GrainCorp sites. Recent rains in some regions have improved crop outlooks and boosted grains in heading stages.

    Original Description:

    Harvest Update

    Original Title

    181030_GrainCorp+Harvest+Update

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Grain receivals at GrainCorp sites in Queensland, New South Wales, and Victoria as of October 30, 2018 totaled 181,500 tonnes, with the majority (156,000 tonnes) being transhipped via port. Due to drought conditions, a significant amount of grain production is expected to remain on farms or be directly delivered to domestic consumers rather than going through GrainCorp sites. Recent rains in some regions have improved crop outlooks and boosted grains in heading stages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views1 page

    GrainCorp+Harvest+Update

    Uploaded by

    JustinTang
    Grain receivals at GrainCorp sites in Queensland, New South Wales, and Victoria as of October 30, 2018 totaled 181,500 tonnes, with the majority (156,000 tonnes) being transhipped via port. Due to drought conditions, a significant amount of grain production is expected to remain on farms or be directly delivered to domestic consumers rather than going through GrainCorp sites. Recent rains in some regions have improved crop outlooks and boosted grains in heading stages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Harvest Update

    Grain receivals (tonnes) at GrainCorp’s sites as at 30 October 20181


    Since last report Total

    Queensland - 21,000

    New South Wales - 1,000

    Victoria - 3,500

    Transhipments via port - 156,000

    Total network 181,500

    Given the drought conditions this harvest, a significant share of production is expected to remain on farm
    or be delivered direct to domestic consumers.

    COMMENTARY:

    • GrainCorp has successfully reversed its export supply chain and is actively involved in transferring grain,
    primarily from WA, to meet strong domestic demand
    • In northern regions, our teams are working with local growers to adapt our network for harvest. This includes
    operating many sites on an ‘as needed’ basis
    • Recent rains across northern NSW and southern Queensland are positive for the summer crop outlook
    • Rains across northern VIC and southern NSW have boosted grains in the heading stage
    • To help growers with cash-flow during these challenging times, GrainCorp has introduced 2 day payment
    terms, meaning growers selling 18/19 season grain to GrainCorp at a bulk handling network will receive
    payment within two business days
    • GrainCorp has also launched its Season Update online with regular podcasts and quality charts available
    here: graincorp-seasonupdate.com.au

    FURTHER INFORMATION
    Media Investors
    Luke O’Donnell Luke Thrum
    Corporate Affairs Manager Investor Relations Manager
    +61 447 660 804 +61 447 894 834
    [email protected] [email protected]

    1
    Since 1 October 2018

    GrainCorp Limited (ASX:GNC)

    Level 28, 175 Liverpool Street


    Sydney NSW 2000 Australia
    ABN 60 057 186 035 T +61 2 9325 9100
    F +61 2 9325 9180

    You might also like