crushing the numbers - australia's vegetable oil industry
by Luke Mathews, Trade & Economics Manager
The Australian vegetable oil industry touches most Australians every day, either via the soaps we wash with, the margarines we spread, or the oils in which we cook our Chicko Rolls. Vegetable oils can also power the trucks that transport wheat from farm to flour mill.
The industry is a dynamic sector which involves a multitude of oil types, origins, customers and end-uses.
Read more about this extensive industry and how well Australian canola oil is competing with other oils.
ABARES SWINGS AXE THROUGH AUSTRALIAN CROP FORECAST
By Luke Mathews, Trade & Economics Manager
ABARES released the September Australian Crop Report this week. As expected, ABARES has swung the axe through the June estimate, cutting forecast 2017/18 total winter crop production to 36.3 million tonnes, down 39% year-on-year and down nearly 10% from the estimate made back in June. Wheat production is forecast to decrease by 38% to 21.6 million tonnes. Poor rainfall and recent cold temperatures have taken their toll.
Despite the latest downgrades, the risks to ABARES’ production forecasts are still skewed to the downside. Seasonal conditions need to turn around quickly or yield prospects will continue to erode rapidly. If that happens, analysts will be quickly calling an Australian wheat crop in the “teens”. And we haven’t seen that in more than a decade.
Click here to read GrainGrowers' full commentary on the ABARES' September report.
Indian grain market opportunities for australia
India is one of the world’s most dominant grain producers and consumers. And India will likely also become a significant import market for global grains and oilseeds in the future, complementing the current pulse trade. The Australian grain industry is potentially a strong beneficiary of India’s growing import demand for grains.
Click here to read the Indian Grain Market Opportunities for Australia Report.
A GrainGrowers review of 2017 MPCI products for use in cropping operations.
Multi-Peril Crop Insurance (MPCI) protects against crop yield and farm revenue losses by enabling farmers to insure a percentage of crop production or revenue.
Click here to read the 2017 Managing risk using Multi-Peril Crop Insurance Report.
The State of the Australian Grains Industry report was first published by GrainGrowers in 2011. The purpose of the Report was to review the industry post the deregulation of wheat export marketing and to outline the priority actions required to advance the interests of growers in an internationally competitive market. The report also successfully established a basis for evaluating the industry and opportunities in future reports. Five years on, the 2016 edition builds on the original report by refl ecting on progress towards capturing the opportunities outlined in 2011 and identifying the challenges faced by Australia’s contemporary grains industry. Although developed by GrainGrowers, it is intended that the report be used industry wide, as a useful ready-reckoner to Australia's great grains industry.
Click here to view State of the Australia Grains Industry: 2016 report
MANAGING RISK IN GRAIN CONTRACTS - a gROWER'S GUIDE
Almost $45 million has been lost to the Australian grain production sector over the last two years, due to a range of trader insolvencies. Grain producers, through their trade contracts as well as their wider marketing strategy, can reduce counter party risk by implementing strategies.
GrainGrowers has released a 'Managing Risk in Grain Contracts - A Grower's Guide'
The guide is a practical tool to assist GrainGrowers’ members to manage counter party risks in their dealings with traders or buyers and has been developed in consultation with legal experts on the PPSR (Personal Property Securities Register).
Click here to read the 'Managing Risk in Grain Contracts - A Grower's Guide'
STATE OF THE INDUSTRY REPORT 2011
GrainGrowers compiled the State of the Industry report in 2011 to provide a detailed analysis of the state of the Australian grains industry three years after deregulation.
The report outlines the prospects for the grains industry at the time and the priority actions required to advance the interests of producers in an internationally competitive environment.
The report covered issues pertaining to storage, handling and transport, wheat receival standards and variety classification, productivity, competition, risk management and marketing are all addressed in the report.
Download the State of the Industry Report