GRAINCORP chief executive Mark Palmquist has said the current set of circumstances that has led to a worldwide glut of grain reminds him of the early to mid 1980s.
“What we have seen is similar to what we saw then, a run of big supplies produced by multiple competing sources.
“It is going to take time to work all the grain through,” he said.
“There has just been very little in the way of supply disruption that could see the price of grain rise up.
“The Black Sea has had a couple of tremendously good seasons, South America has done well, so you’ve got a big supply of carry out and further supplies coming in, it is easy to see why prices have been kept low.”
Gregor Heard
Gregor Heard is ACM's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector.
Gregor Heard is ACM's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector.
