Australia awash with wheat after hard-slog harvest

GrainCorp says international customers, including China, are keen to secure supply after a hard-slog harvest delivers a large and valuable crop.

The east coast grain-handling giant expects continued strong prices and high demand for Australian wheat, barley and canola amid global food security concerns stemming from Russia’s war on Ukraine.And there is plenty more to come with farmers in southern NSW and Victoria harvesting into the New Year after delays caused by flooding and waterlogging.

Grain industry sources estimate the cereal and oilseeds component of the harvest will be worth up to $12 billion to farmers in Queensland, NSW and Victoria alone, up from $9 billion last year.GrainCorp, which has employed more than 3000 casual workers to help with the latest bumper harvest, hit the 10 million mark well before Christmas last year and would normally be winding down the receival task.

Tags: Australia, harvesting