Australian bulk handler GrainCorp is forecasting higher exports and grain receivals for its 2024-25 financial year ending on 30 September because of a larger grain crop from eastern states.
GrainCorp projects exports to reach 6.5mn-7.5mn t in 2024-25, up from 5.6mn t a year earlier, the company said on 13 February. The bulk handler exported 2.7mn t of grain over 1 October 2024-13 February 2025.
The total winter and summer crop output for the states of Queensland, New South Wales and Victoria is estimated to increase by 21pc to 34.2mn t in the fiscal year to 30 June 2025, according to the Australian Bureau of Agricultural and Resource Economics and Sciences. This will support increased grain deliveries to GrainCorp's east coast storage and handling network.
GrainCorp is expecting its total grain receivals for 2024-25 to reach 13-14mn t, up by around 30-40pc from 2023-24. It has received 11.9mn t of this total as of 13 February. Total volumes of grain handled is forecast to rise by 11-18pc on the year in 2024-25.
Total grain and oilseeds delivered to GrainCorp's storage and handling network could represent 38-41pc of the total crop produced in summer and winter in Australia's eastern states in the 2024-25 financial year.
The US Department of Agriculture (USDA) forecasts Australia to export 25mn t of wheat in the October 2024-September 2025 marketing year. Australia exported 3.87mn t of wheat in October-December 2024, or 15pc of the USDA wheat export target, 46pc of which was exported from eastern states ports, data from the Australian Bureau of Statistics show.
| GrainCorp Grain Volumes | mn t | ||
| FY25 | FY24 | % ± | |
| Carry-In (1 Oct) | 2.5 | 3.9 | -36.0 |
| Receivals | 13-14 | 10.1 | 29 to 39 |
| Domestic outload | 5.5-6.5 | 5.9 | -7 to 10 |
| Exports | 6.5-7.5 | 5.6 | 16 to 34 |
| Carry-out | 2.5-3.5 | 2.5 | 0 to 40 |
| Total grain handled | 31-33 | 28 | 11 to 18 |
| GrainCorp | |||
