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Australian grain growers use CGX platform to set prices, boosting transparency and bids.
Australian grain growers are using the independent Clear Grain Exchange (CGX) to set market prices by listing their crops at desired prices, increasing transparency and efficiency.
Over the past year, CGX sales averaged $7.92 a tonne above the best published buyer bids.
In one week, 33 buyers purchased 27 grain grades, with over 120 buyers conducting more than 7,000 searches.
The platform’s pricing influences both exchange and private deals, pushing overall market bids higher.
With over 4,000 growers participating, those not yet involved are encouraged to join to help shape fairer, more competitive prices.
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Los productores de granos australianos utilizan la plataforma CGX para fijar precios, aumentando la transparencia y las ofertas.