The percentage increase in the far smaller 'summer crop' compared to the decade-long median was even higher than for the very well performing 'winter crop.'
Interesting that for both summer and winter crops, Queensland (despite being smaller in combined output than NSW and Victoria) did extremely well.
GNC will have plenty to occupy itself during the next 15 months plus. As Portsmouth has reminded us, shipping STEM is full until September 2023. No cessation of exports in a month such as June in 2023!
Putting on my pessimistic hat, history would suggest we're likely to have a drought year or two. I wonder how quickly the heatwave this week in places like Moree, NSW will partly dry what have been excellent soil moisture levels?
GNC Price at posting:
$7.38 Sentiment: Hold Disclosure: Held
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