World Grain - January 2019 - 16

NEWSREVIEW

Australia's winter crop production estimated to plummet 23%
SYDNEY, AUSTRALIA - Australia's 2018-19 winter crop
production is now estimated to be 23% lower than last year's
crop, and 20% below the 20-year-average due to unfavorable
weather conditions in early spring.
Wheat production is estimated to drop 20% to 17 million
tonnes, according to the Dec. 4 Crop Report from the Australian
Bureau of Agricultural and Resource Economics and Sciences
(ABARES). That would be the lowest since 2008 when production was 13.6 million tonnes.
Barley production is down 18%, to 7.3 million tonnes, and
canola is down 39%, to 2.2 million tonnes.
Total winter crop production is estimated at 29.3 million
tonnes, ABARES said.
"While production in New South Wales and Queensland is
forecast to be the lowest in over 20 years, we expect national

production to be substantially higher than in the droughts of 2002-
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crop prospects in southern New South Wales, southern Wimmera
in Victoria, southern South Australia and Western Australia.
+RZHYHU LW DUULYHG WRR ODWH LQ RWKHU UHJLRQV WR EHQH¿W ZLQter crops."
The decline in wheat production is likely to cut exports from
the world's fourth largest supplier. Last year, the nation exported
13.8 million tonnes of wheat. This comes at a time when prices
are rising and GrainCorp, the country's largest bulk grain handler, is facing an unsolicited takeover bid.
Reuters reported that analysts say the timing of the offer was
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the company to make money.

GrainsConnect Canada to partner in Fraser Grain Terminal
VANCOUVER, BRITISH COLUMBIA, CANADA -
GrainsConnect Canada, GrainCorp's joint venture with Zen-Noh
Grain Corp., has agreed to a 50-50 partnership with Parrish &
Heimbecker (P&H) in the Fraser Grain Terminal at the Port of
Vancouver.
The Fraser Grain Terminal will connect GrainsConnect

Canada's high-capacity country delivery points directly to export
markets, which the company said will create "a fully integrated,
high-speed and end-to-end supply chain for the company in western Canada."
As part of the partnership, GrainCorp will invest C$35 million over the next two years to support construction of the new
terminal.
The joint ventures will continue to
VRXUFH DGGLWLRQDO IXQGLQJ IURP ¿QDQcial institutions.
Construction on the Fraser Grain
Terminal is expected to be completed
by the end of 2020.
Exports of Canadian grain and specialty crops to growing markets in
China and Southeast Asia continue
to increase. P&H said the new export
facility will address two major con4B
straints - limited western Canada
Components
rail capacity, and a shortage of port inLimited
dustrial land for grain handling. P&H
has secured a long-term lease with the
Elevator Buckets
port authority for the site. Fraser Grain
Terminal will provide 4 million tonnes
Rubber & PVC Belting
of terminal capacity per year.
Conveyor Chain
The new terminal will have modMonitoring Control Units
ern storage facilities, three shiploaders equipped with dust-reducing techBearing Temp. Sensors
nology, and a fully-enclosed above
Speed & Slip Sensors
ground conveying system with built-in
Misalignment Sensors
dust suppression.
Level Indicators
GrainsConnect was incorporated in
Canada in 2015 and operates four rapid,
high capacity country grain elevators.
P&H is a Canadian, family-owned
agribusiness, with roots in the agriculture industry for more than 100 years.

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16

January 2019 / World Grain / www.World-Grain.com

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World Grain - January 2019

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