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Australian farmers are holding grain on farms due to low prices, hurting GrainCorp’s profits and shares.
Australian grain farmers are increasingly storing their harvest on their own farms instead of selling through handlers, driven by global oversupply and falling prices that have narrowed profit margins.
This shift has led to reduced grain volumes for GrainCorp, one of Australia’s largest agribusinesses, which reported a lower earnings forecast and saw its shares fall to multi-year lows.
Farmers are avoiding monthly storage and handling fees by retaining control of their crops, delaying sales in hopes of better market conditions.
The trend reflects broader challenges in the global grain market, where oversupply and weak demand are pressuring prices and reshaping traditional export pathways.
Los agricultores australianos están reteniendo granos en granjas debido a los bajos precios, perjudicando las ganancias y las acciones de GrainCorp.