March 2024
Australian Crop Report
Key points
National planting to winter crops to remain historically high in 2024–25 at 23.6 million hectares.
National winter crop production to increase to 51.3 million tonnes, reflecting a generally favourable winter rainfall outlook.
Summer crop production in 2023–24 forecast to remain above average at 4.6 million tonnes, but below previous year’s highs.
Gulfood | Dubai 2024
AgCorp Grains had the pleasure of being invited by Adroit Overseas Enterprises to attend Dubai’s biggest edition of Gulfood’s history brought together over 5,500 leading food and beverage companies, showcasing 150,000+ new products from more than 190 countries. Filled with countless networking opportunities with international grain buyers to develop new business relationships and strengthen existing ones.
"Australia exports almost $3.2 billion to the UAE and close to $1.3 billion of that is actually comprised of food and agricultural exports. Australia has been at Gulfood since the beginning, and have seen it grow from being a regional trade show into this global phenomenon.”
Bryony Hilless, Australian Consul-General Dubai, and General Manager Middle East, Africa and Pakistan
Country Racing At Its Finest
Having completed a number of successful trades AgCorp’s Directors, Andrew Evans and Sam Fairley decided it was time to celebrate with friends at one of the country’s premier racecourses, Mudgee Race Club. Located in the spectacular Mudgee Wine Region it was the chance to meet a vibrant regional community who share a passion for agribusiness and the excitement of racing.
Andrew enjoyed a successful win on his first race but may have got overzealous on the following bets and unfortunately for him lost his earlier winnings.
With over 35 cellar doors to choose from we found ourselves visiting two outstanding wineries, Lowe Family Wines where we had a delightful dinner at the Zin House and Blue Wren Farm the following day for our long-lunch resulting in slightly sore heads.
Mudgee with its boutique shops, markets and great coffee to boot is certainly a must visit regional town in NSW.
"Limit Up" brings the Great Grain Robbery to life Over 50 years later
In 1972, Soviet agents traveled to North America in the middle of the Cold War and secretly bought massive amounts of grain, driving up world prices in one of the most significant events in the history of commodity trading — later dubbed the “Great Grain Robbery.”