Profits set to increase in grain even as prices fall

Gregor Heard
March 15 2024 - 6:30am
Vitor Pistoia says grain prices will be down but crop inputs will fall further. Photo by Gregor Heard.
Vitor Pistoia says grain prices will be down but crop inputs will fall further. Photo by Gregor Heard.

Grain prices have dipped alarmingly through the start of the new year, with Australian wheat prices hitting two year lows and global prices falling even further, to three and a half year lows, but a closer analysis reveals it is likely to be a better year for Australian grain growers on a gross margin basis.

Gregor Heard

Gregor Heard

National Grains Industry Reporter

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.

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