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Australian feedgrain prices rose over the past week as the global rally tied to Russia's invasion of Ukraine pushed up bids. Barley gained $10-$12 per tonne as its discount to wheat and sorghum narrowed.
Rising diesel costs also pushed domestic buyers toward closer inputs.
Higher global grain values and freight costs lift Australian feed barley and sorghum prices, and buyers expect little near-term softening. Tight logistics add to the upward pressure.
beefcentral.comGuest AuthorMar 18, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
