GNC was trading above $4.50 today at one stage, weakened to $4.30 just before official 1600 hours close and then in the 'auction' from 1600 to 1610 hours rose to $4.40.
I was always told by farmers that ABARES as it is in 2020 did not have a perfect forecasting record but this is some of what this Commonwealth Govt agency said today. If it comes to pass, music to our collective ears!'Australia’s winter crop production is set to soar 64 per cent after much-needed rainfall eased a drought that had ravaged the country’s southeast, according to official projections released Tuesday.
The Agriculture Department said production of major winter crops including wheat, barley and canola would increase substantially, taking output 20 per cent above the 10-year average.
It comes after Australia’s hottest and driest year on record in 2019 drove summer output to the lowest levels since 1980-81, with a two-thirds fall in production.
Steve Hatfield-Dodds, executive director of the department’s statistical body ABARES, said the boost in output was driven largely by rainfall in New South Wales state, which has borne the brunt of a prolonged drought.
“New South Wales production is forecast to be 14.8 million tonnes in 2020-21 -- that’s more than a 300 per cent increase on last year and the highest since 2016-17,” he said...'
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Last
$7.79 |
Change
0.030(0.39%) |
Mkt cap ! $1.731B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.81 | $7.71 | $10.86M | 1.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3940 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 21209 | 3 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |