As the price of wheat plunges below $200 a tonne, some graingrowers have been left wondering what the alternatives are for winter planting.
Enter canola – which, according to Australian Grain Accumulation (AGA), was sitting at $422/t delivered Newcastle early this week.
Grain trader, Pete Mac Smith, from Mac Smith Milling at Man-
ildra, said early rain was great for farmers who wanted to set up their paddocks for canola.
April was the time to sow canola, he said, and it had good growth margins on other cereal crops.
“Track canola is at about $420/t to $430/t, which isn’t too bad, although, like most things during the past 18 months, it has been getting lower,” he said.
More in The Land, February 18.
Email a friend