GNC has provided its first harvest update for 2024, but oddly...

GNC has provided its first harvest update for 2024, but oddly forgot to include a grand total.

Bearing in mind this is for a fornight not a week, good receivals in Victoria, but pathetic in NSW, the latter says GNC being largely around Junee.

GNC comments in an attached photo that Elmore (between Bendigo and Echuca) has achieved a site record. Great.

Grain receivals (tonnes) at GrainCorp up-country sites as at 2 January 2024

	Since last report	Total[1]
Queensland	–	412,900
New South Wales	27,900	3,332,200
Victoria	532,900	4,098,800

Total receivals to date are 7,843,900 tonnes.

GNC hasn't stated today was the 'final update' (given ongoing activity in Victoria) so there should be at least one more. However, the significant rain in Victoria today won't be assisting deliveries to GNC 'upcountry' facilities.

in FY 23, GNC had total receivals (including direct-to-port bypassing its rural silos/bunkers) of 13.9 million tonnes, so this year will be significantly down. Exports are likely to fairly significantly reduce.