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Morning round-up, Tuesday March 13

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Australia’s weather bureau said that a La Nina weather event that began in December “has ended”, and there are no clear indications that an El Nino or La Nina event will develop in coming months.


The Bureau of Meteorology termed “inactive” the El Nino/La Nina outlook, saying that “neutral is the most likely scenario through the southern hemisphere autumn and into winter”.


It added that “the weak and short–lived La Niña had relatively little effect on Australian rainfall patterns over the 2017-18 summer.


“However, it may have kept temperatures higher than average in southern parts of the country due to weather patterns being slower moving, and further south than normal.”




In trade news, the Taiwan Flour Millers’ Association purchased 92,465 tonnes of US milling wheat, and Indonesian flour millers were revealed to have bought 80,000 tonnes of Black Sea wheat last week for April shipment, at $235 a tonne including cost and freight.


Japan on Tuesday, in a regular tender, sought to buy 119,610 tonnes of milling wheat from Australia, Canada and the US.


Algeria, Ethiopia and Jordan are also in the market with wheat tenders, although Iraq passed on a tender of rice and wheat, saying prices were too expensive.




Hong Kong-listed CK Life Sciences has agreed to purchase Nangiloc Colignan Farms in Australia, as well as a water access licence, for Aus$46m.


“Nangiloc Colignan Farms is one of the largest growers, packers and marketers of premium table grapes and citrus for export and domestic markets in the Sunraysia region of Australia,” said CK Life Sciences.


“The acquisition will enable the group to expand the geographical coverage and tenant base of its agriculture-related business,” it added.


Nangiloc Colignan Farms comes with 697 hectares of land.

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