Northern prices up as heat takes toll


Grains
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Sorghum prices in Queensland and northern NSW jumped by as much as $25 a tonne as buyers intensified efforts to secure supplies as crop prospects erode.

Unseasonably hot weather over the past 45 days has taken a toll on sorghum crops. Prices soared to more than $260 delivered.

Northern grain prices typically don’t have a direct impact on prices through south eastern Australia, however grain buyers will be following the market developments closely.

Farmer selling through the east coast has slowed in recent weeks as stagnant hot air settles across eastern Australia, sending temperatures into the mid 40s across many growing areas.

Farmers are saying the excessive heat has sapped paddocks of soil moisture, increasing the importance of a good autumn break.

*Lloyd George, Ag Scientia

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