Aussie farm flags wheat tactic as price fears rise

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JPT Capital trumpeted the call by its Australian farms to lock in firm wheat prices by selling in advance even as data showing the country’s wheat stocks at a record high raised fears for values. The Monaco-based fund management group said that forward selling "a percentage" of the newly-started wheat harvest at prices "above current…


Twin boost to hopes for Aussie milling wheat price

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Prospects for prices of high-grade Australian wheat received a double boost on Tuesday as speculation mounted over large Chinese buying, and forecasters predicted quality-threatening rains. Speculation last week, reported by Agrimoney.com, that China had bought 1m tonnes of Australian wheat firmed into a report on Reuters of a purchase of 500,000 tonnes, of milling-grade grain.…


Bumper Aussie grains crop to strain silo capacity

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A second bumper Australian grains crop could land some southern areas with storage shortages, official forecasters said, as they lifted again their forecast for exports, and hiked by 10m tonnes their estimate for world production. Abares, Australia’s official commodities bureau, said that while the country "appears to have sufficient capacity" to store forthcoming winter grains…


Aussie wheat exports record will curb prices

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Market analysts predict that Australia will export a record amount of wheat in the coming year, helping to curb upward pressure in global prices. The Australian Bureau of Agricultural and Resource Economics and Sciences estimate that the country will export 20.4m tonnes in the year starting October 1, up 9.5pc from last year. Production was…


Aussie growers give up parched canola for grazing

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The dearth of rain in eastern Australia, which is already trimming wheat hopes, has begun to dry up expectations of a record canola harvest too, with some crops so poor farmers are giving them up for grazing. The Australian Oilseeds Federation followed up a series of upgrades to its estimate for the 2011-12 Australia harvest…


Apple growers fight over Aussie access

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Rival apple growers face off today at the Pipfruit New Zealand annual meeting in Havelock North over advanced plans by large growers to impose regulations on exports to the long-closed Australian market. Agriculture Minister David Carter already has Cabinet approval to regulate for Australian apples to be covered by the Horticultural Export Authority, which has…


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