The Grain Central site suggests demand overseas for Australia feedgrain is subdued, mentioning competition from the Ukraine and Russia despite the ongoing war, and the sea mines that at one stage caused problems for shipping.
It also claims that some shipping stems are 'surplus to requirements'.
The world has to eat, and it's not as if production in Ukraine is booming, as some areas have to be adversely affected by the conflict.
Is it this that's depressing the GNC SP below A$7.00? Is the slight lift in the A$ also a factor, and growers' desire to push sales into July 2023 or beyond for taxation reasons?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)