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A North Queensland trucking operator helped open a new export route as Townsville's first bulk sorghum shipment, about 27,000 tonnes from the Burdekin, Richmond and Julia Creek areas, sailed for China. The shipment followed a bulk chickpea cargo to Pakistan from the same port.
A new bulk sorghum outlet from Townsville adds a small amount of Australian export capacity to China, a modest addition to sorghum supply options that is unlikely to move global feed prices.
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.